Series 79 practice questionhardSchedule TO and Schedule 14D-9
Which of the following events would require an amendment to Schedule TO to be filed 'promptly'?
- AA clerical error is discovered in the original filing
- BA small fluctuation in the acquirer's share price
- CA material increase in the tender offer price✓ Correct answer
- DA change in the SEC’s review staff
Explanation
Why C — A material increase in the tender offer price
A material change in the tender offer, such as price or number of shares sought, requires prompt amendment to Schedule TO. Minor changes or clerical errors do not trigger this requirement and could mislead investors if not properly distinguished.
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