Question 1

In a merger,the shareholders of the merged corporation always receive stock of the surviving corporation.

Accepted Answer

A) True 
 B)False

Question 2

In general,state anti-takeover statutes are:

Accepted Answer

A)  constitutional. 
B)  constitutional, so long as it is possible to comply with both the state and federal laws. 
C)  unconstitutional, because they violate the Commerce Clause. 
D)  unconstitutional, because they violate the Supremacy Clause. 
E)  unconstitutional, because they violate the First Amendment. 
A)  constitutional. 
B)  constitutional, so long as it is possible to comply with both the state and federal laws. 
C)  unconstitutional, because they violate the Commerce Clause. 
D)  unconstitutional, because they violate the Supremacy Clause. 
E)  unconstitutional, because they violate the First Amendment.

Question 3

The fair price rule as applied to tender offers provides that any increases in price paid for shares tendered must be offered to all shareholders,even those who have previously tendered their shares.

Accepted Answer

A) True 
 B)False

Question 4

In order for a proxy to become valid,the shareholder must:

Accepted Answer

A)  complete a written proxy statement, and file it with the Securities and Exchange Commission. 
B)  complete a written proxy statement, file it with the Securities and Exchange Commission, and receive the appropriate approval from the SEC. 
C)  complete a written proxy statement, and deliver it to the proxy holder. 
D)  complete a written proxy statement, and deliver it to the corporation. 
E)  reach agreement with the proxy holder, but no written statement is required. 
A)  complete a written proxy statement, and file it with the Securities and Exchange Commission. 
B)  complete a written proxy statement, file it with the Securities and Exchange Commission, and receive the appropriate approval from the SEC. 
C)  complete a written proxy statement, and deliver it to the proxy holder. 
D)  complete a written proxy statement, and deliver it to the corporation. 
E)  reach agreement with the proxy holder, but no written statement is required.

Question 5

A copy of the proxy and the proxy statement must be filed with the Securities and Exchange Commission at least sixty days before the materials are sent to the shareholders.

Accepted Answer

A) True 
 B)False

Question 6

The form of business combination seldom used today because of the advantages of other forms is the:

Accepted Answer

A)  merger. 
B)  consolidation. 
C)  purchase of assets. 
D)  share exchange. 
E)  hostile takeover. 
A)  merger. 
B)  consolidation. 
C)  purchase of assets. 
D)  share exchange. 
E)  hostile takeover.

Exam 29: Corporate Acquisitions and Multinational Corporations

In a merger,the shareholders of the merged corporation always receive stock of the surviving corporation.

In general,state anti-takeover statutes are:

The fair price rule as applied to tender offers provides that any increases in price paid for shares tendered must be offered to all shareholders,even those who have previously tendered their shares.

In order for a proxy to become valid,the shareholder must:

A copy of the proxy and the proxy statement must be filed with the Securities and Exchange Commission at least sixty days before the materials are sent to the shareholders.

The form of business combination seldom used today because of the advantages of other forms is the:

Legal Heritage and the Information Age

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