Which of the following is not true of an acquisition of stock or tender offer?
A)No stockholder meetings need to be held.
B)No vote is required.
C)The bidding firm deals directly with the stockholders of the target firm.
D)In most cases, 100% of the stock of the target firm is tendered.
E)All of the above are true of tender offers.

Question

Quizplus · Accepted Answer

In most cases, 100% of the stock of the target firm is not tendered. It is possible for some stockholders to hold out and not sell their shares in the tender offer.

Which of the Following Is Not True of an Acquisition