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What is merger of a company according to " Law"?

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Question added by P A Cariappa Appaiah , back office executive , Inspire Hond
Date Posted: 2016/09/07
Gaylord Amaheno
by Gaylord Amaheno , General Manager , Newport Freight Logistics

It is two companies coming together to form one with a new board that comprises of directors from both companies in accodance with the memorundum of ubderstanding and articles of association agreed upon by both parties before a commisioner of oaths.

Dr FAISAL AL-NASSER
by Dr FAISAL AL-NASSER , Group IT Manager , Systems of Strategic Business Solutions

merger usually involves combining two companies into a single larger company. The combination of the two companies involves a transfer of ownership, either through a stock swap or a cash payment between the two companies. In practice, both companies surrender their stock and issue new stock as a new company.

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