When a Merger of Two Firms Is Achieved by One

Multiple Choice

When a merger of two firms is achieved by one firm, automatically assuming all the assets and all the liabilities of the other firm, such a merger requires

A) no shareholder meeting to vote.
B) the approval of at least 50 percent of the stockholders (or as specified by corporate charters or state laws) of each firm.
C) that the management of the two firms be tossed out.
D) that the target firm search for alternative suitors.