Which of the Following Is False Regarding the Merger Process

question 24

Multiple Choice

Which of the following is false regarding the merger process in South Africa?

• A) Shareholders cannot approve a merger unless 50 percent of all shareholders vote to accept the offer.
• B) Minority shareholders have access to South African courts and may employ them when disputes arise.
• C) The Companies Act establishes a panel to inquire about mergers or takeovers.
• D) The Companies Act and the rules of the Johannesburg Stock Exchange control mergers.
• E) If a change of corporate control takes place outside the stock exchange, the initiator of the merger must extend the offer to the shareholders and disclose all pertinent information to them within a reasonable amount of time.

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Definitions:

Norepinephrine Systems

A network of neurons that release the neurotransmitter norepinephrine, involved in regulating stress, alertness, and arousal.

Sensation-Seeking

The pursuit of experiences and feelings that are varied, novel, complex, and intense, as a way to satisfy a personal need for excitement and adventure.

Genetic Influences

The contribution of genes to physical and behavioral traits, shaping an individual's characteristics and susceptibilities to various conditions.

Natural Selection

The mechanism that drives biological evolution. It refers to the greater likelihood of successful reproduction for organisms whose attributes are advantageous in a given environment.