1 Introduction
From: EU Merger Control: A Legal and Economic Analysis
Ioannis Kokkoris, Howard Shelanski
- Subject(s):
- Merger control — Legal and soft-law instruments governing — Procedure under the Merger Regulation — Mechanics of system
1.01 The term ‘merger’ as used by company and competition law refers to a broad range of corporate transactions.1 Simply put, however, a merger is the consolidation of two independent entities. An acquisition occurs when one company buys another, whether through a friendly transaction in which the companies cooperate during negotiations or through a ‘hostile’ acquisition in which the takeover target is unwilling or had no prior knowledge of the offer.2 1.02 In a typical merger, the boards of directors of two firms first agree to combine and then if relevant seek...
