An ordinary merger increases the number of voting shares of the surviving corporation by 23 percent. Which of the following is required in this context?

Question

Quizplus · Accepted Answer

A majority vote of the shareholders is required for an ordinary merger, as it increases the number of voting shares of the surviving corporation. A unanimous vote by the incumbent directors or a majority vote of the board of directors is not sufficient for an ordinary merger. An affirmative vote by at least 30 percent of the shareholders is also not required for an ordinary merger.

An Ordinary Merger Increases the Number of Voting Shares of the Surviving