Business Law

A Merger

Using the traditional definition, if Susan's company is entering into an agreement with GTS whereby GTS and Susan's company combine and Susan's company becomes part of GTS, the two companies have gone through:

a consolidation.

Using the traditional definition, if Susan's company is entering into an agreement with GTS whereby GTS and Susan's company combine so that each ceases to exist separately and instead emerge as a single new company, the two companies have gone through:

GTS's articles of incorporation are deemed amended to include any changes that are stated in the articles of merger.

If GTS and Susan's company enter into a merger where Susan's company becomes part of GTS, which of the following is true?

The Pac-Man defense

If Susan's company tries to take over GTS instead of letting GTS take over her company, her company is using which takeover defense?

A golden parachute

Susan is one of the highest ranking executives in her company. Which defensive move in the merger will give Susan special termination or retirement benefits that must be paid to top managers if they are forced to retire as a result of the merger?