Series 79 practice questioneasyTender Offers
Under the Williams Act, how long must a tender offer generally remain open?
- AAt least 5 calendar days
- BAt least 10 business days
- CAt least 20 business days✓ Correct answer
- DAt least 30 calendar days
Explanation
Why C — At least 20 business days
At least 20 business days Tender offers must remain open for at least 20 business days so shareholders have time to evaluate the bid. Material changes can trigger additional extension periods.
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