1. Research shows that bypass offers tend to have:

A. Higher takeover premiums

B. Lower takeover premiums

C. No impact on takeover premiums

D. None of these

2. Creditors seeking payments from a company in reorganization bankruptcy in the United States must file:

A. Schedule TO.

B. Chapter 11 form.

C. Proof of Claim.

D. None of the above.

3. A letter of intent:

A. Is legally required in all U.S. deals.

B. Is more detailed terms than a term sheet.

C. Is more common in closely held acquisitions.

D. None of the above.