Examlex
Which of the following statements is true?
Shareholder Approval
The consent given by shareholders, usually through a voting process, for certain decisions or actions proposed by a company's management or board.
Consolidation
The process of combining two or more entities into one, often to streamline operations and reduce costs.
Absorbed Corporation
A company that has been merged into another entity, losing its previous separate identity.
Merger
The combination of two or more companies into a single entity, where one survives and the others cease to exist.
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