Moose Travel Inc.(MT) owns 53% of Prairies Airways Inc.(PA) and wishes to make an issuer bid.From what fraction of the PA shareholders does MT require approval for this deal to be successful?
A) 12%
B) 10% plus a majority of the minority
C) 14% plus a majority of the minority
D) 47%
Correct Answer:
Verified
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A) Federal responsibility.
B) Provincial
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