You own 100 of the 15 000 outstanding shares of Delta Movers stock.The firm just announced that it will be issuing an additional 5000 shares to the general public in a cash offer of $22 per share.What type of event are you participating in if you opt to purchase 100 of these additional shares?

Question

Quizplus · Accepted Answer

Since the additional shares are being offered to the general public, the event is a general public offer. Choosing to purchase 100 of these additional shares would mean participating in the general public offer.

You Own 100 of the 15 000 Outstanding Shares of Delta