Question

When stockholders of several formerly-competing companies turn over their shares to a group that exercises voting control over the companies, this is called a:

Answer 1

Pooling arrangement

Step-by-step explanation:

A pooling arrangement is a course of action dependent on an agreement which empowers the corporate investors to cast a ballot their offers as a unit.

A democratic trust is framed among a gathering of investors and the trustee to whom the investor can move their democratic rights.

It is a legally binding game plan by which corporate investors concur that their offers will be voted as a unit.