Which One of These Statements Is Correct

Multiple Choice

Which one of these statements is correct?

A) The titles to the target firm's individual assets must be transferred to the acquirer in a merger.
B) If a target firm's managers oppose an acquisition,the acquisition cannot occur.
C) The acquisition of a target firm's assets can be done without the approval of the target firm's shareholders.
D) A tender offer must be accepted by all of the target firm's shareholders to be effective.
E) An acquisition of stock in a target firm may later be followed with a formal merger.