Which of the following best describes a merger?
A) two corporations jointly purchase a third corporation and operate it as a joint venture
B) two corporations are combined to form a new third corporation, and the original two corporations cease to exist
C) two corporations are combined, with one of the original corporations surviving, and the other ceasing to exist
D) one corporation acquires all of the shares of a second corporation, with both corporations retaining their separate legal existence, the second a subsidiary of the first
E) one corporation sells substantially all of its assets to a second corporation, with both corporations retaining their separate legal existence
Correct Answer:
Verified
Q90: In a proxy contest,what obligation does management
Q91: Under what circumstances can a dissenting group
Q92: Under what circumstances must a dissenting shareholder
Q93: In an ordinary merger,what approvals are needed?
A)
Q94: If the number of voting shares of
Q96: In a merger,a dissenting shareholder may elect
Q97: Even if management is not in favor
Q98: If a parent corporation owns _ percent
Q99: In a proxy contest involving management on
Q100: A corporation may sell,lease,or otherwise dispose of
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents