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form merger is commonly used in situations where the acquiring company does not want (or need) the approval of the shareholders. In general, shareholder approval is usually necessary for any type of major corporate transaction.
Typically, in a short-form merger, only the parent's board of directors has to approve the plan of merger. The subsidiary's board does not have to approve. In addition, neither the parent's shareholders nor the subsidiary's shareholders have to approve of the plan.
Merger Parties means, individually and collectively, the Company, the Shareholders, Merger Sub and Buyer.