If the number of voting shares of the surviving corporation in a merger increases by twenty percent or less,this eliminates which needed approvals when compared to ordinary mergers,where the number of shares of the surviving corporation increases by more than twenty percent?
A) shareholders of the surviving corporation
B) shareholders of both corporations
C) shareholders and the board of directors of the surviving corporation
D) shareholders and the board of directors of the corporation that does not survive
E) The approval requirements are the same, regardless of whether the increase in voting shares of the surviving corporation is more or less than 20 percent.
Correct Answer:
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