In a de facto merger:
Selected
Answer: The bidder is considered to have acquired the target even if no formal
acquisition took place
True or False Questions
Question 4 2.5 out of 2.5 points
Pursuant to Basic v. Levinson:
Selected Answer: Targets may not release false information on deal prog...
User Javier Enrique Caycedo Medina
Course 202120 Spring 2021 BUSI 536-B01 LUO
Test Quiz: History, Legal Framework, & Merger Strategy Assignment
Started 1/31/21 9:20 PM
Submitted 1/31/21 9:59 PM
Due Date 1/31/21 11:59 PM
Status Completed
Attempt Score 80 out of 100 points
Time Elapsed 38 minutes out of 2 hours
Instructions
Time limit: 2 hours
40 true/false and multiple-choice questions
Open-book/open-notes
Do not hit the BACK button as this will lock you out of the exam.
The timer will continue if you leave this exam without submitting it.
Results Displayed Submitted Answers, Feedback
Question 1 2.5 out of 2.5 points
In a freeze-out:
Selected Answer: Minority shareholders cannot hold up a merger
Question 2 2.5 out of 2.5 points
Following Smith v. Van Gorkom:
Selected Answer: Directors are more likely to seek outside fairness opinions
dy source was downloaded by 100000850742433 from CourseHero.com on 09-13-2022 05:24:16 GMT -05:00
Selected
Answer: The bidder is considered to have acquired the target even if no formal
acquisition took place
True or False Questions
Question 4 2.5 out of 2.5 points
Pursuant to Basic v. Levinson:
Selected Answer: Targets may not release false information on deal progress
Question 5 2.5 out of 2.5 points
A letter of intent:
Selected Answer: Sets forth more detailed terms than a term sheet
Question 6 2.5 out of 2.5 points
SPACs have not been popular since the 1990s.
Selected Answer: False
Question 7 0 out of 2.5 points
One of the advantages of an asset acquisition is that it may not be necessary to solicit
approval from its own shareholders.
Selected Answer: False
Question 8 2.5 out of 2.5 points
Contingent value rights may provide some guarantee if the acquirer’s shares fall below
some level.
Selected Answer: True
Question 9 2.5 out of 2.5 points
When a company sells off all its assets, it falls under the regulation of the Investment
Company Act of 1940.
Selected Answer: True
This study source was downloaded by 100000850742433 from CourseHero.com on 09-13-2022 05:24:16 GMT -05:00
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