1a.The result of a merger between two corporations is that:

only one corporation continues to exist.

both corporations continue to exist, but one is the parent and one is the subsidiary.

neither corporation continues to exist, but a new corporation is formed instead.

both corporations continue to exist, but one owns the assets of another.

1b Which of the following must approve a merger: (Select all that apply)

the board of directors of the acquiring company.

the board of directors of the targeted company.

the shareholders of the acquiring company.

the shareholders of the targeted company.