Which of the following statements is true of mergers and amalgamations in Canada?
A) The terms "merger" and "amalgamation" have no legal definition.
B) The term "merger" is legally defined and the term "amalgamation" is not.
C) The term "amalgamation" is legally defined and the term "merger" is not.
D) Amalgamation means one company purchases the shares of another and merger means a statutory combination under one of the Provincial Corporations Act,the Canada Corporations Act,or the Canada Business Corporations Act.

Question

Quizplus · Accepted Answer

In Canada, "amalgamation" is a legally defined process under corporate law, whereas "merger" does not have a specific legal definition and is often used more generally.

Which of the Following Statements Is True of Mergers and Amalgamations