Which of the Following Is Not True in Applying the Williams

Multiple Choice

Which of the following is not true in applying the Williams Act?

A) An individual or group acquiring more than 5 percent of a company's publicly traded stock must file a public disclosure document with the SEC.
B) A bidder must keep a tender offer open for at least 30 business days initially.
C) If any substantial change is made in the terms of the tender offer, it must be kept open for at least ten business days following the change.
D) Any shareholder may withdraw acceptance of the tender offer at any time while the offer is still open.