Even when a tender offer has not been made, the Williams Act requires any person who acquires more than 5 percent ownership of a corporation to file a statement with the Securities and Exchange Commission (SEC) within ten days.

Question

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The statement is true. The Williams Act requires the filing of a statement with the SEC within ten days of acquiring more than 5 percent ownership of a corporation, regardless of whether a tender offer has been made.

Even When a Tender Offer Has Not Been Made, the Williams