Salt Corporation wants to acquire or merge with Pepper Corporation. The board and the share?holders of Pepper are resisting. Salt should

Question

Quizplus · Accepted Answer

A tender offer involves making a direct offer to the shareholders of the target company, in this case Pepper Corporation. This will allow Salt Corporation to bypass the resistance of Pepper's board and shareholders and acquire sufficient control of the company to effect a merger. Filing a plan of merger with the secretary of state or filing an article of merger with Pepper would be appropriate after Salt Corporation has acquired a sufficient stake in Pepper's shares. Making a tender offer to the shareholders of Salt is irrelevant to the situation.

Salt Corporation Wants to Acquire or Merge with Pepper Corporation