Series 24: Review Quiz

Review Quiz

1. 1. With an impending merger, a fairness opinion is typically prepared and delivered to shareholders to convince them to vote in its favor. FINRA Rule 5150 prescribes the kind of information that must be included in a fairness opinion. Which of the following is not required information to be disclosed in a fairness opinion?
2. A. whether the preparer served as an advisor on the merger
3. B. whether the preparer will receive compensation by the company for preparing the report
4. C. whether a fairness committee issued or approved the opinion
5. D. whether the report expresses an opinion on the fairness of compensation to be paid public shareholders relative to the company’s officers and directors
6. 2. Calumet, Inc. announces the SEC has declared effective its registration statement for its proposed acquisition of Acuvax. The SEC registration form used by Calumex is:
7. A. M-A
8. B. N-5
9. C. U-1
10. D. S-4
11. 3. A tender offer might be the sign of which of the following?
12. A. a takeover
13. B. an offer of a covered security during a restricted period
14. C. an investor looking to sell a large block of stock in a private placement
15. D. none of the listed choices
16. 4. What size transaction is the minimum that would