Which of the following statements correctly apply to a merger?
I.The titles to individual assets of the acquired firm must be transferred into the acquiring firm's name.
II.The merged firm will retain the use of the acquiring company's name.
III.The acquiring firm does not have to seek approval for the merger from its shareholders.
IV.The shareholders of the acquired company must approve the merger.
A)I and III only
B)II and IV only
C)I, II, and III only
D)I, II, and IV only
E)I, II, III, and IV

Question

Quizplus · Accepted Answer

In a merger, the merged firm typically retains the acquiring company's name, and the shareholders of the acquired company must approve the merger.

Which of the Following Statements Correctly Apply to a Merger