When one firm merges with another,the:
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 one firm merges with another, the target firm will cease to exist as an independent entity and become a part of the acquiring firm. However, the specifics of the merger, including the approval by shareholders and the merger of boards of directors, can vary depending on the terms of the merger agreement.

When One Firm Merges with Another,the