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

Question

Quizplus · Accepted Answer

It is considered insider trading and is illegal for corporate board members to use private information to conduct a large tender offer stock repurchase, as it could manipulate the share price and harm the company's shareholders.

It Is Unethical for a Corporate Board to Conduct a Large