Section 13(d) of the Securities Exchange Act of 1934 stipulates that once someone obtains five percent of a firm's stock, that person has 10 days to file a disclosure form; but during this period, the potential bidder can continue to make open market purchases, so ..... purchases may be larger than 5% of a target firm.

English as a Second Language Single question discussions
1

Section 13(d) of the Securities Exchange Act of 1934 stipulates that once someone obtains five percent of a firm's stock, that person has 10 days to file a disclosure form; but during this period, the potential bidder can continue to make open market purchases, so ..... purchases may be larger than 5% of a target firm. (*) knife edge (*) pintail (*) toehold (*) wedge end

This is a companion discussion topic for the original entry at https://english.best/questions/9082,section-13d-of-the-securities-exchange-act-of-1934-stipulates-that-once-someone-obtains-five-percent-of-a-firms-stock-that-person-has-10-days-to-file-a-disclosure-form-but-during-this-period-the-potential-bidder-can-continue-to-make-open-market-purchases-so-___-purchases-may-be-larger-than-5-of-a-target-firm/