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NEW QUESTION: 2
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A. The popular answers list page
B. The answers list page only
C. The answers detail page. Ask a Question
D. Any page the customer wants it placed
E. They are only available when using smart assistant.
Answer: A,C
NEW QUESTION: 3
Acorn Corp. wants to acquire the entire business of Trend Corp. Which of the following methods of
business combination will best satisfy Acorn's objectives without requiring the approval of the
shareholders of either corporation?
A. A sale of all the assets of Trend, outside the regular course of business, to Acorn, for cash.
B. An acquisition of all the shares of Trend through a compulsory share exchange for Acorn shares.
C. A merger of Trend into Acorn, whereby Trend shareholders receive cash or Acorn shares.
D. A cash tender offer, whereby Acorn acquires at least 90% of Trend's shares, followed by a short-form
merger of Trend into Acorn.
Answer: D
Explanation:
Choice "d" is correct. A parent corporation owning 90% or more of a subsidiary may merge the subsidiary
(short form merger) into the parent without the approval of the shareholders of either corporation or the
approval of the subsidiary's board. Choices "a", "b", and "c" all require at least one of the corporations to
follow the general procedure for fundamental corporate changes (i.e., board resolution notice, approval by
majority shares, and filing).
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