The Directors of Natural Food Corporation and the Directors of Organic

Essay

The directors of Natural Food Corporation and the directors of Organic Produce, Inc. work together to develop a combination plan. They have several options. In one option, Natural Food continues to exist but Organic Produce does not. In another option, both companies cease to exist and a new company, Natural Organic, is created. In the final option, both companies continue to exist but are wholly owned by a new company, NFOP. Describe in legal terms the different options and who must approve each option.