_____________ is a type of transaction which must be approved by a formal vote of the shareholders of the selling firm and which, when completed, leaves the selling firm as a corporate shell.
A) A merger
B) An acquisition of assets
C) A hostile takeover
D) An acquisition of stock
E) A tender offer

Question

Quizplus · Accepted Answer

An acquisition of assets requires approval by a formal vote of the shareholders of the selling firm. When completed, it often leaves the selling firm as a corporate shell, since the firm's assets have been sold off.

_____________ Is a Type of Transaction Which Must Be Approved