Which of these are common characteristics of a tender offer? I. The offer can be

Question

Which of these are common characteristics of a tender offer? I. The offer can be canceled if less than the desired number of shares are offered. II. Sellers are unaware that the buyer is the issuer of the security. III. The offers made by the sellers determine the price. IV. The offer price is greater than the market price

a. II and III only

b. I and IV only

c. I, II, and IV only (**this was counted as wrong answer**)

d. III and IV only

e. II, III, and IV only

Which of these are common characteristics of a tender offer? I. The offer can be canceled if less than the desired number of shares are offered. II. Sellers are unaware that the buyer is the issuer of the security. III. The offers made by the sellers determine the price. IV. The offer price is greater than the market price

a. II and III only

b. I and IV only

c. I, II, and IV only (**this was counted as wrong answer**)

d. III and IV only

e. II, III, and IV only

Explanation / Answer

Common characteristics of a tender offer is mention below:

1. Sellers are unaware that the buyer is the issuer of the security

2. The offers made by the sellers determine the price.

3. The offer price is greater than the market price

Hence, Option (E) is correct answer.

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