A corporation that is selling all of its assets must obtainapproval only from its shareholders. Exce

A corporation that is selling all of its assets must obtainapproval only from its shareholders. Except in a short-form merger, the shareholders of bothcorporations must approve a merger or other plan ofconsolidation. A target corporation’s attempted takeover of an acquiringcorporation is referred to as the Pac-Man defense. . . .

 

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