During an onsite company visit, Jane Wang, CFA. accidentally overheard the Chief Executive Officer (CEO) of Stargazer, Inc. discussing the company's tender offer to purchase Dynamica Enterprises, a retailer of Stargazer products. According to the CFA Institute Standards of Professional Conduct, Wang most likely cannot use the information because:

A.It relates to a tender offer.

B.It was overheard and might be considered unreliable.

C.She does not have a reasonable and adequate basis for taking investment action.