According to the Williams Act of 1968, which of the following is NOT true? ...
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Accounting
According to the Williams Act of 1968, which of the following is NOT true?
| a. | Once 5% of firm stock is amassed, the acquirer must disclose their current holdings and intentions within 10 days | |
| b. | The acquiring firm must disclose the source of funds used for the acquisition | |
| c. | Target shareholders are allowed 20 days to tender shares | |
| d | If the acquiring firm increases its offer price, all shareholders who tendered shares within a specified window of 20 days must receive the same price | |
| Target firm shareholders must receive at least a 50% premium on their tendered shares to satisfy anti-trust laws |
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