Merger Of Title
Merger Of TitleA lesser interest in real property being merged (absorbed) into a greater interest. For example: A lessee purchases the property being leased. The interest as a lessee is merged into the interest as an owner, thus ending the leasehold interest.
Merger Of Title
Friendly MergerFriendly Merger
A business combination that the management of both firms believes will be beneficial to stockholders.
Panel on Takeovers and MergersPanel on Takeovers and Mergers
The City watchdog whose job is to oversee the conduct of takeovers involving companies listed on the London Stock Exchange.The Panel writes and enforces the City Code on Takeovers and Mergers, which sets out in meticulous detail the management and timing of takeover bids. The objective of the City Code is to ensure that high standards of integrity and fairness are maintained, and that shareholders in both bidding and target company are treated equitably.The Panel is not concerned with the financial or commercial advantages or disadvantages of a takeover, nor is it concerned with competition issues.The City Code does not have the force of law, but, as the Code says 'those who seek to take advantage of the facilities of the securities markets in the United Kingdom should conduct themselves in matters relating to takeovers in accordance with best business standards and so in accordance with the Code'. It goes on to say that 'Those who do not so conduct themselves may find that, by way of sanction, the facilities of those markets are withheld.'Panel on Takeovers and MergersPO Box 226The Stock Exchange BuildingLondonEC2P 2JXTel: 020 7382 9026http://www.thetakeoverpanel.org.uk
City code on takeovers and mergersCity code on takeovers and mergers
See: Dawn raid
The process by which two companies become one. If the companies are listed, the merger may be by agreement, or hostile. A hostile bid is one in which the directors of the target company reject the approach, but it is still possible for the predator company to obtain control if enough of the target's shareholders accept its offer.
Horizontal mergerHorizontal merger
A merger involving two or more firms in the same industry that are both at the same stage in the production cycle; that is, two or more competitors.
Further SuggestionsMerger Arbitrage