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Lanuxa Is a Restaurant That Is on the Verge of Bankruptcy.Gourmet

Question 14

Multiple Choice

Lanuxa is a restaurant that is on the verge of bankruptcy.Gourmet World,a restaurant chain,acquires all the stocks of Lanuxa in an attempt to expand its business.To avoid legal paperwork,Gourmet World decides to retain its separate legal existence from that of Lanuxa's.This is an example of a ________.


A) proxy
B) merger
C) share exchange
D) supramajority

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