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1 Introduction

From: EU Merger Control: A Legal and Economic Analysis

Ioannis Kokkoris, Howard Shelanski

From: Oxford Competition Law (http://oxcat.ouplaw.com). (c) Oxford University Press, 2022. All Rights Reserved.date: 04 October 2022

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...
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