What does it mean when a company is said to have been merged under the term acquisition?
A)Boards of directors will merge also.
B)Merger must be approved by 75% of the shareholders of the target firm.
C)Merger must be approved by at least 50% of the shareholders of the target firm.
D)Target firm will cease to exist.

Question

Quizplus · Accepted Answer

When a company is merged under the term acquisition, the target firm will cease to exist as it is absorbed and becomes a part of the acquiring firm.

What Does It Mean When a Company Is Said to Have