Ch. 6 Tender Offers and M&A Rules

Question 1

A preliminary proxy is filed with the SEC at least ___ days prior to the date that the definitive proxy is sent to
shareholders.

Answer 1

10 days

Question 2

A definitive proxy must be filed with the SEC by no later ________

Answer 2

Than the first date it is sent to shareholders

Question 3

An ____ registration statement is filed by the acquirer if it’s issuing stock to make an acquisition

Answer 3

S-4

Question 4

A ______ is filed for tender offers and must be filed with the SEC as soon as it’s practical on the
commencement date.

Answer 4

Schedule TO

Question 5

A tender offer must remain open for at least ____ business days.

Answer 5

20 business days

Question 6

If an acquirer is using its stock to make an acquisition, its shareholders will only be required to vote if the offer
will increase in its outstanding shares by more than ____%.

Answer 6

20%

Question 7

T/F: A two-step merger is quicker than a one-step merger

Answer 7

True