South Florida Arbitration & Litigation Lawyer Blog
Merger – Florida Breach of Contract, Breach of Letter of Intent, and Breach of Fiduciary Duty Commercial and Business Dispute and Litigation Attorney:
A merger is a combination of two or more companies, where the amount paid over and above the acquired company’s book value is carried on the books of the purchaser as goodwill; or a consolidation, where a new company is formed to acquire the net assets of the combining companies. Strictly speaking only combinations (mergers) in which one of the companies survives as a legal entity are called mergers.
Mergers can also be classified in terms of their economic function. Thus a horizontal merger is one combining direct competitors in the same product lines and markets; a vertical merger combines customer and company or supplier and company; a market extension merger combines companies selling the same products in different markets; a product extension merger combines companies selling different but related products in the same market; a conglomerate merger combines companies with none of the above relationships or similarities.
Please keep in mind that the above information is being provided for educational purposes only. It is not designed to be complete in all material respects. Thus, it should not be relied upon as legal or investment advice. If the reader has any questions concerning the contents of this post, you should consult a qualified professional.
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