Answer :
The concept mentioned is the Tender offers of companies. The answer is it should occur within 10 business days of the announcement.
An SEC rule prohibits a company that has made a tender offer or an exchange offer for another company's stock or bonds from acquiring the stock or bonds by any other means until the offer expires.
This rule exists to help ensure fair play in the request. A tender offer is an offer that an investor makes to the shareholders of an intimately traded company.
The offer is to give or vend, their shares for a specific price at a destined time. In some cases, the tender offer may be made by further than one person, similar to a group of investors or another business.
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