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:

Sample Mean

The mean of all data points within a sample, utilized to approximate the mean of the entire population.

After-Tax Profit

The net profit of a company after all taxes have been deducted from revenues.

Confidence Interval

A range of values, derived from sample statistics, that is likely to contain the value of an unknown population parameter with a certain level of confidence.

Population Standard Deviation

A measure of the dispersion or variability within a total population, quantifying how much the individual data points differ from the population mean.