Series 79 practice questionmediumWilliams Act and Tender Offer Regulation
Under the Williams Act, how soon must payment be made to shareholders after the successful completion of a tender offer?
- AWithin 10 business days after expiration
- BWithin 20 calendar days after announcement
- CWithin 5 business days after withdrawal rights expire
- DPromptly, generally within a few business days after expiration✓ Correct answer
Explanation
Why D — Promptly, generally within a few business days after expiration
The Williams Act requires prompt payment, generally within a few business days after the offer expires. Delayed payment would violate the promptness requirement.
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