A___________ is a transaction whereby onecorporation acquires all of the outstanding shares of one or more classes or series of another corporation by an exchange that is compulsory on the shareholders of the target corporation.

Question

Quizplus · Accepted Answer

A statutory share exchange is a transaction where one corporation acquires all the outstanding shares of another corporation through a compulsory exchange, as described in the statement.

A___________ Is a Transaction Whereby Onecorporation Acquires All of the Outstanding