Mammoth Corp. decides to buy all of the assets of Modest Corp.
a. approval by the majority of shareholders of both corporations will be necessary to complete the transaction.
b. approval by the majority of shareholders of Modest Corp. will be necessary to complete the transaction.
c. Mammoth must assume all the liabilities of Modest when it purchases all of the assets of Modest.
d. The U.S. Justice Departments approval is always required to avoid anti-trust claims.