IT TAKES TWO TO TANGO
THE SALE OR PURCHASE OF A BUSINESS CAN BE STRUCTURED IN ONE OF TWO WAYS – ASSET SALE OR A SHARE SALE.
High-profile firm wanting to expand into new markets and widen its skills base? Small-or medium-sized practice needing to secure further financing, save on costs, streamline its administration and generally improve the quality of service?
These are some of the reasons firms first consider merging and then decide to go ahead with this exciting and exacting route. It usually entails dissolving existing businesses and transitioning assets and liabilities into a new, third entity.
Identifying a potential merger partner is just the start of a series of legal, financial, economic, organisational and cultural steps and protocols that must be followed to eventually seal the deal.
“A merger should only go ahead if it will mean more or
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