Solved

Which of the Following Statements Is True Regarding the Corporations

Question 33

Multiple Choice

Which of the following statements is true regarding the Corporations Act 2001 on takeovers?


A) A market takeover announcement can only be undertaken if either the offeror or target is a member of the ASX.
B) In a formal takeover,the target company must produce a Part A statement whilst the offeror must produce a Part B statement.
C) A bidder in a partial takeover must specify at the outset the proportion of each shareholder's shares that the bidder will offer to buy.
D) The acquisition of additional shares in a company is prohibited if it results in a shareholder being entitled to more than 20% of voting shares.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents