Corporate Mergers Flashcards
1
Q
Voting to Approve Mergers
A
Board proposes merger & Shareholders vote to approve it
- all issued shares get to vote
2
Q
Merger and Share Exchange
A
Make an offer to another corporation and buy all their shares = share exchange
- has to be approved by shareholders from both corps
3
Q
Short Form Merger
A
Start to buy shares for a corp. from different shareholders and once you get to 80%, you can consider yourself merged
- have to file articles of merger
4
Q
Merger in Florida
A
Any business entity type can merge into another type in Florida