{'index': 2, 'text': '(iv) “Superior Proposal” shall mean a bona fide written Acquisition Proposal to acquire, directly or indirectly, pursuant to a tender offer, exchange offer, merger, consolidation or other business combination or similar acquisition transaction, (A) all or substantially all of the non-“cash or cash equivalent” assets of the Company or (B) more than fifty percent (50%) of the outstanding Shares, with respect to which the Board of Directors of the Company shall have determined in good faith (after consultation with its financial advisor and outside legal counsel) that the Acquisition Transaction contemplated by such Acquisition Proposal (x) would be more favorable to the stockholders of the Company (solely in their capacity as such) than the Merger, after taking into account all the terms and conditions of such proposal (including the financial aspects of such proposal, the form of consideration, the likelihood, ability to finance, conditionality and timing of consummation of such proposal, any break-up fees, expense reimbursement provisions and any other aspects of the transaction described in such proposal, including the identity of the Person or “group” (as defined in or under Section 13(d) of the Exchange Act) making such proposal) and this Agreement (including any changes to the terms of this Agreement proposed in writing by Parent to the Company in response to such proposal or otherwise) and (y) would not be subject to any due diligence or financing condition. (https://www.sec.gov/Archives/edgar/data/1495569/000119312511225807/dex21.htm)\n '}
Instruction: Read the segment of a merger agreement and answer the multiple-choice question by choosing the option that best characterizes the agreement.
Question: What qualifies as a superior offer in terms of asset deals?
Option A: "All or substantially all"
Option B: 50%
Option C: Greater than 50% but not "all or substantially all"
Option D: Less than 50%

Merger Agreement: Section 5.4 Acquisition Proposals.   <omitted>   (d) <omitted> following receipt of a <omitted> Acquisition Proposal <omitted> that the Company Board determines <omitted> constitutes a Superior Proposal, the Company Board may <omitted> make an Adverse Recommendation Change <omitted> if <omitted> (i) (A) the Company shall have provided to Parent <omitted> notice, <omitted> (it being understood and agreed that any amendment to the financial terms or any other material term or condition of such Superior Proposal shall require a new notice and an additional three Business Day period) (Pages 44-45)
Answer: B

Merger Agreement: {{text}}
Answer:
Instruction: Read the segment of a merger agreement and answer the multiple-choice question by choosing the option that best characterizes the agreement.
Question: What qualifies as a superior offer in terms of asset deals?
Option A: "All or substantially all"
Option B: 50%
Option C: Greater than 50% but not "all or substantially all"
Option D: Less than 50%
Answer: