Question

The legal proceeding for liquidating or reorganizing a firm operating in default is called a: Select...

The legal proceeding for liquidating or reorganizing a firm operating in default is called a:

Select one:

a. tender offer.

b. bankruptcy.

c. merger.

d. takeover.

e. proxy fight.

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Homework Answers

Answer #1

Option "B" is correct.

A tender offer is a proposal by an investor to all current shareholders of a publicly traded corporation to tender their shares for sale at a certain price at a certain time.

A merger is an agreement that unites two existing companies into one new company.

A takeover occurs when an acquiring company makes a bid in an effort to assume control of a target company, often by purchasing a majority stake in the target firm.

A proxy fight is when a group of shareholders join forces and gather enough shareholder proxies to win a corporate vote.

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