Which of the following statements is true regarding a statutory merger?

Multiple Choice

The original companles dissolve while remaining as separate divisions of a newly created company.

Both companles remain in existence as legal corporations with one corporation now a subsidiary of the acqu

The acquired company dissolves as a separate corporation and becomes a division of the acquiring compan

The acquiring company acquires the stock of the acquired company as an investment.

A statutory merger is no longer a legal option.