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All of the following statements about acqisition of stock through tender offers is true except: a.Shareholder meetings do not need to be held. b.A vote

All of the following statements about acqisition of stock through tender offers is true except:

a.Shareholder meetings do not need to be held.

b.A vote is not required.

c.The acquiring firm directly deals with the target firm's shareholders.

d.All of the outstanding stock of the target must be tendered

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