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Exit VCEDump CPA-TEST Certified Public Accountant Test: Auditing and Attestation, Business Environment and Concepts, Financial Accounting and Reporting, Regulation

Q60 Single choice

ABC Corp. wants to acquire the entire business of XYZ Corp.

Which of the following methods of business combination will best satisfy ABC's objectives without requiring the approval of the shareholders of either corporation?

A
A merger of XYZ into ABC, whereby XYZ shareholders receive cash or ABC shares.
B
A sale of all the assets of XYZ, outside the regular course of business, to ABC, for cash.
C
An acquisition of all the shares of XYZ through a compulsory share exchange for ABC shares.
D
A cash tender offer, whereby ABC acquires at least 90% of XYZ's shares, followed by a short-form
merger of XYZ into ABC.

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