A merger increases the number of voting shares of the surviving corporation by 23 percent.Which of the following is required in this context?

Question

Quizplus · Accepted Answer

Increasing the number of voting shares means that the ownership structure of the company is changing, which directly impacts the rights and interests of shareholders. Therefore, a majority vote of shareholders would be required to approve a merger that increases the number of voting shares of the surviving corporation by 23 percent. This would ensure that the decision is made in the best interest of the majority of shareholders. The other options (A, B, and D) do not adequately address the specific issue of changing the ownership structure of the company through a merger.

A Merger Increases the Number of Voting Shares of the Surviving