Perez Co Acquired Roo Co

question 27

Multiple Choice

Perez Co. acquired Roo Co. in a business combination. Roo issued new shares to Perez's shareholders in exchange for their outstanding shares. What type of share exchange is this?

• A)Direct exchange
• B)Indirect exchange
• C)Hostile takeover
• D)Reverse takeover

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Definitions:

Transfers

involve the movement of resources, responsibilities, or personnel from one location, department, or ownership to another.

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A global manufacturing company specializing in precision automotive components and systems.

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A country located in the northern part of North America, known for its vast landscapes, multicultural society, and bilingual official languages of English and French.