PREPARE YOUR MAC FOR SALE CODE

The main instrument is a merger agreement, which requires the approval of both the board of directors and the shareholders' assembly of all involved companies.

The absorbed or combined companies cease to exist upon completion, with no winding-up and liquidation required. are issued shares in the absorbing or new company, applying a determined conversion rate to ensure the continuity of their rights or.

In both cases, the shareholders of the absorbed or combined companies:

The existing companies combine to form a new one.

Under the Mergers Act, the merger of two or more companies can be achieved in one of two ways: In an asset deal under the Mergers Act, the transfer of assets and liabilities can be achieved through a single application filed with the Registry of Commerce, rather than through a series of individual transfers. Completion is achieved by transferring ownership and other rights and obligations relating to each asset and liability. The agreement must individually identify all assets and liabilities to be transferred. The main instrument is a business purchase agreement between the target and the buyer.

PREPARE YOUR MAC FOR SALE CODE

In an asset deal under the Code of Obligations, the buyer purchases all or certain assets and liabilities from the target. The object of the transaction is the transfer of any or all of the shares in the target.

The target itself is not a party, but may have to approve the transaction on completion. The principal instrument in a share deal is a share purchase agreement between the old and the new shareholders. 1 Deal structure 1.1 How are private and public M&A transactions typically structured in your jurisdiction?Īn acquisition can be structured as either a share deal or an asset deal.

Prepare your mac for sale