Which of the following statements is NOT correct? a. A successful merger needs the approvals from shareholder of both acquiring and target firms. b. Stock acquisition does not require approval from shareholders. c. Target firm’s management and board are bypassed in a tender offer. d. The target firm can still exist after the acquisition of assets. e. None of the above choices

Answer rating: 100% (QA)

The incorrect statement is b Stock acquisition does not require approval from shareholders Heres why ... View the full answer