In a Merger The

Multiple Choice

In a merger the:

A) legal status of both the acquiring firm and the target firm is terminated.
B) acquiring firm retains its pre-merger legal status.
C) acquiring firm acquires the assets, but not the liabilities, of the target firm.
D) shareholders of the target firm have little, if any, say as to whether or not the merger occurs.
E) target firm continues to exist but will be a wholly owned subsidiary of the acquiring firm.