Slocum Corporation and Merton Company, both publicly owned companies, are planning a merger, with Slocum being the survivor. Which of the following is a requirement of the merger?

Question

Quizplus · Accepted Answer

The boards of directors of both companies involved in a merger must approve the merger as part of their fiduciary duties to their respective companies. This is a standard requirement in the process of merging two companies.

Slocum Corporation and Merton Company, Both Publicly Owned Companies, Are