Which of the following is true about mergers?
A)The shareholders of the surviving corporation must approve the merger.
B)The MBCA does not recognize mergers done solely for the profit motive.
C)A merger may be invalidated if it freezes out minority shareholders.
D)Shareholders of the acquired corporation must be paid a premium on their shares.

Question

Quizplus · Accepted Answer

Ordinarily,shareholders of both the surviving and the dissolved/acquired corporation must approve a merger.

Which of the Following Is True About Mergers