Question
ABC holding currently owns 9.5% of the outstanding common shares of Nortel, as a result of trades in the company's stock, ABC now owns more
ABC holding currently owns 9.5% of the outstanding common shares of Nortel, as a result of trades in the company's stock, ABC now owns more than 10% common shares, what immediate action must ABC take?.
A. Offer to purchase all remaining outstanding share
B. File a report with the administrator
C. Issue a format take-over bid
D. Issue a press release
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Foundations of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen
16th edition
125927716X, 978-1259687969, 1259687961, 978-1259277160
