Slocum Corporation and Merton Company, Both Publicly Owned Companies, Are

Multiple Choice

Slocum Corporation and Merton Company, both publicly owned companies, are planning a merger, with Slocum being the survivor. Which of the following is a requirement of the merger?

A) The Securities and Exchange Commission must approve the merger
B) The common stockholders of Merton must receive common stock of Slocum
C) The creditors of Merton must approve the merger
D) The boards of directors of both Slocum and Merton must approve the merger