two companies fuse into one. Either fusion into one of the existing ones or an entirely new one.
Supermajority of 75% or more
Creditor Protection
Shareholder Protection
- also shareholders are merged and need to received shares with at least the same value as before the merger
- since companies don’t have a definite market cap and Value of a Company is a difficult topic the whole procedure is complex
and
- shareholders might have less power under new management
- there is nothing the shareholder can do about it
- can only be remedied via court if illegalities occurred