All of the following may be true about tender offers EXCEPT
A. they may add pressure to existing merger negotiations.
B. management has the exclusive right to accept the offer.
C. defensive tactics may be taken to ward off the offer.
D. they may be made without warning as an abrupt attempt at a corporate takeover.
Answer:B
All of the following may be true about tender offers EXCEPT
A. they may add pressure to existing merger negotiations. B. management has the exclusive right to accept the offer. C. defensive tactics may be taken to ward off the offer. D. they may be made without warning as an abrupt attempt at a corporate takeover.