CMFAS M4A (Set 1)

SGD 29.90

6 Feb 2020

CMFAS M4A Exam Question

Which of the following statements is false regarding restrictions on dealings during a takeover offer?

a) The offeror must not sell any securities in the offeree company during the offer period except for sales before the offer has been declared unconditional as to acceptances.

b) The offeror may sell securities in the offeree company during the offer period where the sale is above the offer price.

c) The offeror can make further purchases at the same offer price after an announcement of an intention to sell the securities of the offeree company has been made.

d) All sales after the offer has been declared unconditional as to acceptances must be disclosed.

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  • CMFAS M4A (Set 2)

    SGD 29.90 Add to cart

    6 Feb 2020

    CMFAS M4A Exam Question

    The offeree board must make a public announcement of a takeover offer under all the following situations except where:

    a) it receives notification of a firm intention of offer from a serious source but does not view the offer favourably.

    b) the offeree company is the subject of rumour or speculation about a possible offer.

    c) negotiations between the offeror and the offeree company include only a restricted number of people.

    d) the board of a company is aware that there are negotiations between a potential offeror and the holders of shares carrying 30% or more of the voting rights of a company.