Asked by Parker Murdie on Jun 30, 2024
Verified
Merger cannot occur between foreign (out-of-state) corporations.
Foreign Corporations
Businesses that are incorporated in one country but are registered to do business in other countries outside of their home jurisdiction.
Merger
A combination of two or more corporations in which only one of the corporations continues to exist.
- Absorb the nuances differentiating mergers, consolidations, and asset purchases.
- Understand the roles of federal regulations and securities laws in governing corporate mergers and acquisitions.
Verified Answer
ZK
Zybrea KnightJul 03, 2024
Final Answer :
False
Explanation :
Merger can occur between foreign (out-of-state) corporations as well as between foreign and domestic corporations, subject to compliance with the legal requirements in the relevant jurisdictions.
Learning Objectives
- Absorb the nuances differentiating mergers, consolidations, and asset purchases.
- Understand the roles of federal regulations and securities laws in governing corporate mergers and acquisitions.
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