Which of the following is the best definition of a control block?
A) An interest controlling 50 percent of outstanding votes plus one; thereby it may decide the fate of the firm.
B) Corporate takeover bid communicated to the shareholders by direct mail.
C) A merger in which a new firm is created and both the acquired and acquiring firm cease to exist.
D) The splitting up of a company into two or more companies.
E) The distribution of shares in a subsidiary to existing parent company shareholders.
Correct Answer:
Verified
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