Biltwell Hotels is acquiring all of the assets of Green Roof Inns. As a result, Green Roof Inns:
A) will become a fully owned subsidiary of Biltwell Hotels.
B) will remain as a shell corporation unless the shareholders opt to dissolve it.
C) will be fully merged into Biltwell Hotels and will no longer exist as a separate entity.
D) and Biltwell Hotels will both cease to exist and a new firm will be formed.
E) will automatically be dissolved.
Correct Answer:
Verified
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