In a merger transaction, X Corp is going to disappear. The other company, Y Corp, will continue to do business. In this context, Y Corp is known as the: merged company. surviving company. affiliated company. combined company.

In a merger or consolidation, the debts, liabilities, rights, and obligations of the non-surviving firm are: the responsibility of the shareholders of the non-surviving firm. the responsibility of the surviving firm. the responsibility of the management of the non-surviving firm. extinguished.

In a standard merger transaction, A is the selling corporation and B is the buying corporation. Which of the following individuals will have the right to vote on the transaction? The shareholders of A Corp. The shareholders of B Corp. The shareholders of the buying corporation and the selling corporation. Neither the shareholders of the buying corporation nor those of the selling corporation.

To complete a merger transaction, the board of the selling company must complete which of the following tasks? Adopt a plan of merger that is distributed to shareholders. Recommend the transaction to the shareholders prior to the shareholder vote. File a certificate of merger after an approving shareholder vote. All of the above.

A “short-form” merger is completed by a: large company buying a small firm with under $5 million in assets. public company buying a private firm with under $10 million in assets. parent company buying a subsidiary of which it owns 90%. close corporation buying another close corporation of which it owns more than 50%.

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