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What would happen in a merger of 2 companies?

LETS SAY that a CEO had agreed to a merger with another company. But the Board of Directors had no knowledge of the deal. eventually they find out and pass a Vote of No-Confidence against the CEO would that void the merger?
and yes the CEO if also the majority owner (51%)

The CEO doesn’t have the power to agree to a merger alone, unless the CEO owns all the company’s shares of stock.

This entry was posted on Thursday, August 26th, 2010 at 9:14 pm and is filed under merger. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

One Response to “What would happen in a merger of 2 companies?”

  1. Kathy L says:
    August 27, 2010 at 2:56 am

    The CEO doesn’t have the power to agree to a merger alone, unless the CEO owns all the company’s shares of stock.
    References :

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