In a merger the:
A)legal status of both the acquiring firm and the target firm is terminated.
B)acquiring firm retains its name and legal status.
C)acquiring firm acquires the assets but not the liabilities of the target firm.
D)stockholders of the target firm have little,if any,say as to whether or not the merger occurs.
E)target firm always continues to exist as a subsidiary of the acquiring firm.

Question

Quizplus · Accepted Answer

In a merger, the acquiring firm retains its name and legal status, and the target firm is typically absorbed into the acquiring firm. The acquiring firm assumes the ownership of the target firm and all its assets and liabilities. Stockholders of the target firm have a say in the merger, as they must approve the transaction through a vote. The target firm may continue to exist as a subsidiary of the acquiring firm, or it may be fully integrated and cease to exist as a separate entity.

In a Merger The