In an Ordinary Merger,if the Number of Voting Shares Increases

question 73

Multiple Choice

In an ordinary merger,if the number of voting shares increases by 20 percent or less,this eliminates which needed approvals when compared to ordinary mergers where the number of shares increases by more than 20 percent?

• A) shareholders of the surviving corporation
• B) shareholders of both corporations
• C) shareholders and the board of directors of the surviving corporations
• D) shareholders and the board of the corporation that does not survive
• E) The approval requirements are the same whether the increase in voting shares of the surviving corporation is more or less than 20 percent.

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Definitions:

APR

Annual Percentage Rate; the annual rate charged for borrowing or earned through an investment, accounting for compounding over the year.

Savings Account

A bank account where money is kept for savings purposes and earns interest over time.

Stated Interest Rate

The annual interest rate declared on a bond or loan, not accounting for compounding or the effect of any fees.