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A merger is considered horizontal if the two companies already offer the same products or services. Horizontal mergers help companies reduce competition and dominate the market. For example, gas giant Exxon combined with gas giant Mobil back in 1998 to form ExxonMobil.
Merger Documents means the collective reference to the Merger Agreement, all material exhibits and schedules thereto and all agreements expressly contemplated thereby.
Changes can be made at any time throughout the life of the entity. For example, if you want to convert a Delaware Limited Liability Company (LLC) to a General Corporation, you can. There are many reasons why owners of an LLC may choose to change the entity to a corporation.
A merger is an agreement that unites two existing companies into one new company. There are several types of mergers and also several reasons why companies complete mergers. Mergers and acquisitions (M&A) are commonly done to expand a company's reach, expand into new segments, or gain market share.
A Certificate of Merger is a legal document that is required in most states. The Certificate recites the terms of the deal between the companies and specifically describes the transaction and its effects on the debts, liabilities, properties and rights of the combined company.
Also known as articles of merger. A certificate evidencing the merger of two or more entities into one entity.
LLC mergers They include to acquire or sell a business, to reorganize its operations, to change to a different entity type, or to change its state of organization. An LLC may merge with or into another domestic or foreign LLC. This is known as a ?like-entity? or ?same-entity? merger.
A Delaware LLC merger happens when business agreements combine multiple entities into one sole entity. The LLC series isn't considered a separate entity ing to Delaware state laws.