Hawkin and Snead is a publicly traded company that specializes in documentary film making. They have a large, but shallow, pool of shareholders. This means that each of their shareholders holds small amounts of shares. Henry James, a wealthy businessman, proposes to buy Hawkin and Snead shares from every shareholder within a month's time. Though the stock price for a Hawkin and Snead share is \$9.50, James proposes to buy the shares at $11 per share. Which of the following concepts is exemplified in this scenario? a. A Rule 504 offering b. A tender offer c. A Regulation D offering d. A horizontal merger