Bobbo Ltd has decided to acquire a controlling interest in Koolo Co by purchasing Koolo Co's shares on the market. Which one of the following is correct? A.Once Bobbo Ltd obtains 80 percent of Koolo Co's shares, the remaining Koolo Co shareholders will be required to sell their shares to Bobbo Ltd. B.Buying shares on market, may be more expensive than an outright merger. C.This method of acquisition guarantees a quick and efficient merger. D.Bobbo Ltd must obtain the approval of Koolo Co's board of directors before purchasing shares. E.Bobbo Ltd can only obtian up to 49 percent of the shares before having to obtain the approval of Koolo Co management.