Series 10 Exam Question 42: Answer and Explanation

Question: 42

A tender offer made by a corporation has been changed, and the offering price has been increased after five days. The offer must remain open for:

• A. 20 days total.
• B. 10 days total.
• C. 20 days total or 10 days from change, whichever is longer.
• D. 25 days total or 10 days from change, whichever is longer.

Correct Answer: C

Explanation:

A tender offer made by a corporation must remain open for the greater of 20 days total or 10 days from any change.