If a company owns 90 percent or more of a subsidiary's stock, a merger may be effected with approval of the parent's board of directors alone, without resort to shareholders.This is called a:

Question

Quizplus · Accepted Answer

This is known as a short-form merger, a process where a parent company that owns 90% or more of a subsidiary can merge with that subsidiary without needing the approval of the shareholders.

If a Company Owns 90 Percent or More of a Subsidiary's