MacTech Corporation Is a Subsidiary of Clickon Corporation,which Owns 90

question 10

Multiple Choice

MacTech Corporation is a subsidiary of Clickon Corporation,which owns 90 percent shares of MacTech.The management of Clickon is not happy with the way MacTech is being managed.They believe that MacTech is losing out a huge chunk of potential business to rivals due to mismanagement.As a solution,the board of directors of Clickon approves a merger between Clickon and MacTech and they send a copy of the merger plan to MacTech's shareholders.This form of merger is called a(n) :

• A) semi-merger.
• B) short-form merger.
• C) incomplete merger.
• D) half-merger.