A Circular Bid Can Best Be Defined As

question 247

Multiple Choice

A circular bid can best be defined as:

• A) A combination of firms that have been joined by merger, consolidation or acquisition.
• B) The complete absorption of one company by another, where the acquiring firm retains its identity and the acquired firm ceases to exist as a separate entity.
• C) A merger in which a new firm is created and both the acquired and acquiring firm cease to exist.
• D) A public offer by one firm to directly buy the shares from another.
• E) A corporate takeover bid communicated to the shareholders through direct mail.

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Definitions:

Preponderance Of Evidence

A standard of proof in civil cases, requiring that a party's evidence be more convincing than the opponent's evidence to win the case.

Civil Law

A legal system originating in Europe, characterized by its codification of laws, that is distinguished from common law and covers areas such as contracts, family matters, and property.

Cyberlaw

A classification of law regulating business activities that are conducted online.

Existing Law

Existing law represents the current legal statutes and regulations that are in force at any given time.