Which of the following is generally false regarding the surviving entity in a merger situation?
A) The surviving entity remains a single corporation.
B) The surviving entity obtains the absorbed corporation's assets.
C) The shareholders of the surviving entity must amend its articles of incorporation according to the specific conditions of the merger.
D) The surviving entity obtains the absorbed corporation's rights,powers,and privileges.
E) The surviving entity does not become liable for debts of the absorbed corporation.
Correct Answer:
Verified
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Q3: Asset purchases are similar to mergers and
Q4: Target corporations are not required by federal
Q7: When merger or consolidation is at issue,
Q7: Today,consolidations are very rare.
Q10: The surviving corporation's right to sue for
Q12: Takeovers to which the management of the
Q13: Federal regulations prohibit the management of target
Q19: Although an acquiring corporation can buy another
Q20: Aggressors often try to win the favor
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