[goblue75]

I’m studying Module 24 from the Wiley 2011 study book. I’ve come across two seemingly contradictory answers. Question #29 seems to indicate that tender offers to purchase stock are not required to be reported to the SEC. Questions 38 and 39 however specifically say that tender offers are required to be reported to the SEC. Can anyone shine some light on this subject?

> AUD - 84
> FAR - 75
> BEC - 76
> REG - 78

[Anonymous]

Tender offers for more than 5%+ shares are required to be reported by the offeror. Question #29 probably asked whether the corporation had to report another party's offer — it does not — or else was for a small amount of stock — less than 5%.

[Author]

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