单词 | MERGER |
释义 | Voluntary co-joining of two firms into one new legal entity on roughly equal terms. Mergers are effected by the pre-merger stock shares exchange for the new firm’s stock. The resources of the two merging entities pool together for the new entity’s benefit. Supplier and customer merger is a vertical integration. Merging competitive entities have a horizontal integration. Owners of each pre-merger firm continue as owners. |
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