Series 7 - General Securities Representative Exam
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Which of the following is TRUE about a tender offer for common stock shares?
The tender offer must remain offer for a minimum of 10 business days
A
Sweeteners to tender offers are not allowed
B
If the offer is sweetened, the life of the offer must increase by an additional 20 business days
C
The tender offer must remain offer for a minimum of 20 business days
D
Explanations
The tender offer must remain offer for a minimum of 20 business days. Added sweeteners to the offer must extend the life of the offer by an additional 10 days (business days)