Multiple Choice
If a company owns 90 percent or more of the outstanding shares of each class of a subsidiary company's stock,a merger may be effected with approval of the parent's board of directors alone,without resort to shareholders.This is called a:
A) parent-sub merger.
B) board merger.
C) short-cut merger.
D) short-form merger.
Correct Answer:
Verified
Correct Answer:
Verified
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