The acquiring corporation does this by making a tender offer to all of the

The acquiring corporation does this by making a

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the target. The acquiring corporation does this by making a tender offer to all of the shareholders of the target company. 4. Suppose that after the merger, a person who was injured on the Baked Chameleon board sued Hula (the surviving corporation).   Can Hula be held liable for an injury?   Why or why not?   After a merger, the surviving corporation automatically acquires all of the merged corporation’s property and assets without the   necessity   of   a   formal   transfer.   Also,   the   survivor   becomes   liable   for   all   of   the   disappearing corporation’s debts and obligations. Thus, the survivor in this problem may be held liable for the injury suffered by the customer of the disappearing firm.
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  • Fall '09
  • Gough
  • Business Law, Corporation, .........

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