Question
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.
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