Apps Inc. decides to combine its operations with Beta Company to form Computer Software Inc. Apps and Beta are domestic corporations. Before a vote is taken on the proposed combination, sufficient information to evaluate the deal must be given to each corporation's
A)shareholders.
B)creditors.
C)officers and other employees.
D)none of the choices.

Question

Quizplus · Accepted Answer

When corporations like Apps Inc. and Beta Company decide to combine operations, they are required to provide sufficient information about the proposed combination to their shareholders before a vote is taken. This is to ensure that shareholders can make an informed decision regarding the merger or acquisition. Creditors, officers, and other employees are not legally entitled to this information in the context of voting on the deal, although they may be informed for other reasons related to the transaction's impact on their interests.

Apps Inc Decides to Combine Its Operations with Beta Company to to Form