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  3. a(n) _____ occurs when a corporation is merged wit

A(n) _____ occurs when a corporation is merged with a newly formed corporation...

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Question

Accounting

A(n) _____ occurs when a corporation is merged with a newly formed corporation under terms by which the _____ shareholders receive _____ for their shares.

Multiple Choice

A. freeze-out; minority; cash or other securities

B. close-out; majority; cash or other securities

C. smoke-out; majority; stock in the new corporation

D. opt-out; preferred; stock in the new corporation

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