_____________ 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 involves the purchasing of a company's assets, and it typically requires the approval of the selling firm's shareholders, leaving the selling firm as a corporate shell.

_____________ Is a Type of Transaction Which Must Be Approved