In a Short-Form Merger, the Parent Corporation ________

question 54

Multiple Choice

In a short-form merger, the parent corporation ________

• A) must file for bankruptcy within 30 days of the merger.
• B) must hire all members of the merged company.
• C) must allow for the board of directors to continue to operate the merged corporation's assets.
• D) must own at least 90 percent of the outstanding shares of each class of the subsidiary's stock.
• E) does not assume any debt, liabilities or assets.

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