In which document can one find recommendation from the target's board of directors on how shareholders should respond to a tender offer?
A)8-K
B)Schedule 13E-3
C)10-Q
D)Schedule 14D-9

Question

Quizplus · Accepted Answer

Schedule 14D-9 is known as the "solicitation/recommendation statement" and it is filed by the target company's board of directors to provide their recommendation to shareholders on how to respond to a tender offer. The other documents listed (8-K, Schedule 13E-3, 10-Q) do not typically contain this type of recommendation.

In Which Document Can One Find Recommendation from the Target's