Series 79 practice questioneasySchedule TO and Schedule 14D-9
When a tender offer is made, which party is responsible for filing the Schedule 14D-9?
- AThe target company✓ Correct answer
- BThe acquiring company
- CThe SEC
- DThe target’s financial advisor
Explanation
Why A — The target company
The target company must file the Schedule 14D-9 to provide shareholders with its recommendation regarding the tender offer. This requirement ensures shareholders receive the board's analysis and advice.
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