Spice Corp.wants to acquire all the assets of Sugar Corp.Spice plans to pay for the assets by issuing its own corporate stock.Spice's board of di?rectors has already approved the merger.In what circumstances would the approval of Spice's shareholders be required for this merger? Is the approval of Sugar's shareholders necessary? Explain.

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The Answer of Spice Corp.wants to acquire all the assets of Sugar Corp.Spice plans to pay for the assets by issuing its own corporate stock.Spice's board of di?rectors has already approved the merger.In what circumstances would the approval of Spice's shareholders be required for this merger? Is the approval of Sugar's shareholders necessary? Explain.