Quarterman Hodson & Morang, P.C. has assisted clients in various corporate mergers.
A merger or acquisition is a combination of two companies where one corporation is completely absorbed by another corporation. One company loses its identity and becomes part of the other successor corporation, which retains its identity. A merger extinguishes the merged corporation, and the surviving corporation assumes all the rights, privileges, and liabilities of the merged corporation. The unification of ownership of assets can involve many legal elements, from name changes to asset transfers to management agreements. Every merger is different, reflecting the relationship of the parties, the assets involved, the nature of the businesses, and the finances of each business.