A buyer of Titan Co. that does not want to be burdened by Titan's pension plan should structure the purchase as an asset acquisition.

Question

Quizplus · Accepted Answer

Asset acquisition is easy and efficient, because the only formality required is approval by the directors and shareholders of the corporation that is selling its assets. A second advantage is that the buyer need not purchase all of the assets of the seller. The buyer may choose to purchase some assets, while rejecting others.

A Buyer of Titan Co