Series 79 practice questionmediumWilliams Act and Tender Offer Regulation
Under the Williams Act, how soon must a Schedule TO be filed after the commencement of a tender offer?
- ANo later than the start of the tender offer✓ Correct answer
- BWithin three business days
- CWithin five business days
- DWithin ten calendar days
Explanation
Why A — No later than the start of the tender offer
A Schedule TO must be filed simultaneously with the start of the tender offer. Delayed filing would violate disclosure rules, and the trap answers use plausible but incorrect regulatory deadlines.
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