In a share sale, the buyer acquires the shares of the company that owns the trade and assets of the business. The business can continue to run on a 'business as usual' basis. The new owner of the company acquires all assets, liabilities and obligations – even those a prospective buyer may not know about!
FTDI is a broker-dealer registered with the Commission and headquartered in St. Petersburg, Florida. FTDI provides sales and marketing services and acts as the principal underwriter and distributor of shares of most of the U.S.-registered mutual funds in the Franklin Templeton Investments complex.
The biggest difference is that an SPA is the sale of all shares, and an APA is the sale of selected assets. Therefore, they are both different transactions and have different procedures. 2. With a SPA, all shareholders in the company must be consulted and agree to sell their shares in the company.
With a sale of shares, the seller of the shares transfers their shares in a private company to a purchaser. The sale needs to be in ance with the Companies Act 71 of 2008, the Memorandum of Incorporation of the Company as well as in ance with any existing shareholders agreement entered into.