Series 79 practice questionmediumWilliams Act and Tender Offer Regulation
If a person acquires beneficial ownership of more than 5% of a public company’s stock, what filing must be made under the Williams Act?
- ASchedule 13D✓ Correct answer
- BSchedule 13E-3
- CSchedule TO
- DForm 8-K
Explanation
Why A — Schedule 13D
Schedule 13D must be filed when acquiring more than 5% ownership, providing transparency for significant holders. Confusing this with 13E-3 or Schedule TO, which have different purposes, is a common mistake.
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