Fundamentals of Corporate Finance (3rd Edition) (Pearson Series in Finance)
Fundamentals of Corporate Finance (3rd Edition) (Pearson Series in Finance)
3rd Edition
ISBN: 9780133507676
Author: Jonathan Berk, Peter DeMarzo, Jarrad Harford
Publisher: PEARSON
Question
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Chapter 22, Problem 1CT
Summary Introduction

Public Corporation:

A public corporation can be defined as a company whose shares are traded in the market publicly and are held by hundreds and thousands of shareholders. It can also be referred to as a government controlled company.

To determine:

Two primary mechanisms under which ownership and the control of a public corporation can change.

Solutions: The two primary mechanisms under which ownership and the control of a public corporation can change are when it is acquired by another firm or when it merges with another firm.

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