Over the Years,Maple Corporation Has Gradually Been Acquiring the Stock

question 59

Multiple Choice

Over the years,Maple Corporation has gradually been acquiring the stock of Spruce Corporation.Maple Corporation has increased its purchases of Spruce Corporation in the current year.At the beginning of the year,Maple owned 64 percent of Spruce,but by early August owned 91 percent.What is the easiest and quickest method for Maple to merge with Spruce?

• A) complete a share exchange where Spruce is the surviving corporation
• B) complete the merger in such a way that the number of common shares of Maple outstanding does not increase by more than 20 percent
• C) complete a short-form merger requiring the approval only of the board of directors of Maple Corporation
• D) complete a tender offer of Spruce

---

Definitions:

College Students

refers to individuals enrolled in institutions of higher learning, pursuing undergraduate or graduate degrees.

Personalities

The combination of characteristics or qualities that form an individual's distinctive character.

Life-Span Development

The study of how human beings grow, change, and develop throughout the course of their lives, from birth to death.

Social Roles

The patterns of behavior expected from individuals in specific positions or contexts within a society or group.