If Terry makes a tender offer to the owners of Pizza Village's registered stock, he must file a statement with the SEC if he:
a. owns 1% of Pizza Village stock.
b. will, after the acquisition, own 5% of all Pizza Village stock.
c. will, after the acquisition, own 5% of one class of Pizza Village stock.
d. will own more than 3% of the stock in all classes.
c
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What will be an ideal response?
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