Is Cyril correct that BigCheese needs shareholder approval for the deal with Cheeseland?
A) Yes,because it is a hostile takeover.
B) Yes,acquiring corporations always need the approval of the shareholders.
C) No,acquiring corporations never need the approval of the shareholders.
D) Yes,but only if Cyril owns at least 20% of BigCheese's stock.
E) No,unless the asset purchase changes the legal status of BigCheese.
Correct Answer:
Verified
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