Category: Business and Money > Finance
Asked by: jeraboo-ga
List Price: $15.00
24 Oct 2006 22:16 PDT
Expires: 23 Nov 2006 21:16 PST
Question ID: 776621
Is it illegal to buy stock options in a publicly traded corporation and then make a tender offer for the corporation's stock at a premium price per share and then sell the options once the tender offer is public?
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Re: tender offer
From: borisshah-ga on 25 Oct 2006 04:45 PDT
Probably. Thats big time conflict of interest. You simply cannot have that some of insider information especially in public corporations but any business really and that could be constituted as insider trading becuase you have information that maybe no one or very few people have and would most likely violate a lot of IRS rules. please check with an accountant and a lawyer for a fully conclusive and fully knowledgeable answer.
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