Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1. Which type of merger involves only two corporations? a. Forward triangular merger. b. Direct/forward merger. c. Reverse triangular merger. d. Consolidation. 2. The directors

1. Which type of merger involves only two corporations?

a. Forward triangular merger.

b. Direct/forward merger.

c. Reverse triangular merger.

d. Consolidation.

2. The directors of Mega Corp decide that its subsidiary, Under Corp, should be merged into Mega Corp. Mega Corp is 75% owner of Under Corp. Is a shareholder vote of the Under Corp shareholders required?

a. Yes, all mergers require a vote of the shareholders of the corporation to be absorbed.

b. Yes, this merger does not qualify as a short-form merger.

c. No, mergers do not require a vote of the shareholders of the corporation to be absorbed.

d. No, this merger qualifies as a short-form merger.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Law For Recreation And Sport Managers

Authors: Doyice J Cotten, John Wolohan

8th Edition

179244429X, 978-1792444296

More Books

Students also viewed these Law questions

Question

Explain the various techniques of Management Development.

Answered: 1 week ago