Series 79 practice questionmediumWilliams Act and Tender Offer Regulation
Under the Williams Act, what is the minimum period a tender offer must remain open for shareholders to tender their shares?
- ATwo business days
- BTen calendar days
- CFifteen calendar days
- DTwenty business days✓ Correct answer
Explanation
Why D — Twenty business days
Rule 14e-1(a) requires a tender offer to remain open for at least 20 business days.
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