On May 4, 2022, MetLife Inc. announced $3 billion share buyback program. Which one of the following is incorrect regarding stock repurchase? OA Tender offers send a more positive signal than open market repurchases to the market because the company states a specific stock price.

B Company can buy back shares directly from specific investors through private negotiation.

c Open market repurchases provides the most flexibility to the managers in terms of timing and actual amount of shares buyback.

D Share repurchase is under sole discretion of the CEO. It does not require approval by either the board of directors or the annual meeting of shareholders.