Question

A "mini-tender" offer is subject to minimum filing and disclosure requirements, provided it seeks to acquire:

A) Less than 5% of a company's outstanding shares.
B) Between 5% and 10% of a company's outstanding shares.
C) Between 10% and 15% of a company's outstanding shares.
D) More than 15% of a company's outstanding shares.

Answer 1

A "mini-tender" offer is subject to minimum filing and disclosure requirements if it seeks to acquire less than 5% of a company's outstanding shares.

Step-by-step explanation:

A "mini-tender" offer is subject to minimum filing and disclosure requirements if it seeks to acquire less than 5% of a company's outstanding shares. This means that if an offer is made to purchase less than 5% of a company's shares, certain filing and disclosure requirements apply.

For example, if a company has 100,000 outstanding shares, a mini-tender offer seeking to acquire 4,999 shares would be subject to these requirements. However, if the offer sought to acquire 5,000 shares or more, different rules would apply.