Under the Securities Exchange Act of 1934 and the Williams

Multiple Choice

Under the Securities Exchange Act of 1934 and the Williams Act, a tender offer:

A) must be disclosed if the offeror's acquisition would give him 3 percent of the target's stock.
B) must be disclosed only to the shareholders of the target corporation.
C) disclosure is informational to ensure that investors may make an informed decision.
D) None of these are correct.