The ________ plan provides that existing shareholders of the target corporation may convert their shares for a greater number of shares of the acquiring corporation.

Question

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Flip-over rights provide existing shareholders of the target corporation the option to convert their shares for a greater number of shares of the acquiring corporation. This is different from flip-in rights, which allow existing shareholders to purchase additional shares of the target corporation at a discounted price, and voting rights, which allow shareholders to vote on matters related to the corporation. Employee stock ownership plans are benefit plans that provide employees with an ownership stake in the corporation.

The ________ Plan Provides That Existing Shareholders of the Target