The term 'consummate' refers to the completion or finalization of a business arrangement, contract, or event. It signifies the successful conclusion of a particular process or agreement.
A fairness opinion is a professional evaluation provided by an independent appraiser or investment banker, assessing the fairness of the price proposed in corporate transactions such as mergers, takeovers, or leveraged buyouts. This document aims to ensure that the offered price is equitable and serves the best interests of the shareholders.
A friendly takeover occurs when the management and board of directors of the target company are in agreement with the acquisition and recommend that shareholders approve the offer.
A merger involves the combination of two or more businesses on an equal footing to create a new entity where shareholders mutually share risks and rewards without any party obtaining control over another.
A takeover represents a change in the controlling interest of a corporation. This can occur through friendly acquisition and merger, or via an unfriendly bid that might be contested by the target company's management employing defensive strategies known as shark repellent techniques.
