首页 | 学习中心 | 注册 登录
返回列表 发帖
himanshumh

Rank: 1

UID
223388 
帖子
226 
主题
41 
注册时间
2011-7-11 
最后登录
2014-7-3 
1# 跳转到 » 倒序看帖
打印
tT
发表于 2011-7-11 20:10 | 只看该作者

take over and merger

difference, between
what the difference is between them? Thanks.
收藏 分享

sameeragarwal

Rank: 2

UID
223414 
帖子
347 
主题
11 
注册时间
2011-7-11 
最后登录
2014-8-6 
2#
发表于 2011-7-11 20:10 | 只看该作者
Two companies, A and B.

1. If B is a subsidiary of A, then both A and B exist.
2. In a statutory merger, only A exists.
3. In a consolidation, both A and B disappear, and C(A+B) exists.

So, it depends on the type of takeover that's occurring, takeover could be (1) or (2) above.
Chime in please.

TOP

eoin

Rank: 2

UID
223396 
帖子
309 
主题
9 
注册时间
2011-7-11 
最后登录
2016-4-19 
3#
发表于 2011-7-11 20:10 | 只看该作者
Acquisition = Company A buys sub of Company B (not entire company)

There are three types of mergers
A merges with B, both A and B remain (B functions almost as a subsidiary of A)
A merges with B, only A remains (B is absorbed into A)
A merges with B, create a new company C.

TOP

Houjichasan

Rank: 2

UID
223419 
帖子
295 
主题
13 
注册时间
2011-7-11 
最后登录
2014-8-7 
4#
发表于 2011-7-11 20:10 | 只看该作者
in which case it is a takeover not a merger? Thanks

TOP

mp3bu

UID
222307 
帖子
669 
主题
24 
注册时间
2011-7-2 
最后登录
2016-1-10 
5#
发表于 2011-7-11 20:10 | 只看该作者
Adding on the Dreary

Merge:
Subsidiary: A + B = A, B
Statutory Merger: A + B = A
Consol : A + B = C

I think merger and takeover are a matter of perspective and "wording". Takeover is from the controlling point of view and merger encompasses different types of takeover/acquisition/merge.

TOP

ryanlb

Rank: 2

UID
223449 
帖子
323 
主题
8 
注册时间
2011-7-11 
最后登录
2016-4-19 
6#
发表于 2011-7-11 20:10 | 只看该作者
the reason I ask this question is because I recall one of the schweser mock exam, listed some defense, in the answer, it said white knight is a takeover defense, not for merger, etc.
it also listed bear hug, staggered..., tender offer, proxy vote, etc, which are defense for merger/acquisition..

I will post the question once I saw it again.

joseph213 Wrote:
-------------------------------------------------------
> Adding on the Dreary
>
> Merge:
> Subsidiary: A + B = A, B
> Statutory Merger: A + B = A
> Consol : A + B = C
>
> I think merger and takeover are a matter of
> perspective and "wording". Takeover is from the
> controlling point of view and merger encompasses
> different types of takeover/acquisition/merge.

TOP

返回列表