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audreyP
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| Posted: 20 Dec 2011 at 16:29 | IP Logged
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these two books say differently on the same topic.
Wiley says, on page87 (2012), "Reporting and disclosure
requirements apply to tender offers to provide shareholders
full disclosure by both the bidder and targeted
company."
Becker says, on page R7-48 (2011), "Tender offers must be
reported by the one making the tender offer."
there are some contradictory in wiley's answers too.
Can someone clarify it for me?
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perniva
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| Posted: 20 Dec 2011 at 20:48 | IP Logged
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I would consider the Wiley description as extra information. It makes sense to me. I used to work for a publicly traded company and at one point an investment firm reached the 5% ownership level. Our investor relations filed one of the K forms with the SEC because of the 5% threshhold. Hope it helps....
__________________
FAR 05/29/2011 #82
AUD 08/31/2011 #86
REG 11/29/2011 #72
REG 01/17/2012 #89
BEC 02/29/2012 #75
Becker 2011
TEXAS
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perniva
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| Posted: 20 Dec 2011 at 23:29 | IP Logged
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@ audreyP: If you are using Becker, look up Question CPA-01701 and look at the explanation for A. "The person making the tender offer is required to notify the SEC, not the corporation receiving it". I think if this shows up as one of the choices and the other 3 choices do not mention that the Corp is required to report, then I guess we know which answer is the best answer. :-)
__________________
FAR 05/29/2011 #82
AUD 08/31/2011 #86
REG 11/29/2011 #72
REG 01/17/2012 #89
BEC 02/29/2012 #75
Becker 2011
TEXAS
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audreyP
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| Posted: 22 Dec 2011 at 07:00 | IP Logged
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Thank you, perniva! it helps a lot! :)
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Topic: Tender offer: Becker vs. Wiley
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