It is unethical for a corporate board to conduct a large tender offer for stock repurchase when the board members have private information indicating that the company's share price is too low.

Question

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Conducting a large tender offer for stock repurchase based on private information indicating that the company's share price is too low would be considered insider trading and would violate ethical and legal standards. The board members have a responsibility to act in the best interests of the company and all shareholders, not just their own personal gain.

It Is Unethical for a Corporate Board to Conduct a Large