Friendly merger
Friendly merger is a merger that occurs when the target company's management agrees to the merger and recommends that shareholders approve the deal.
Definitions
According to Financial Management Theory and Practice by Eugene F. Brigham and Michael C. Ehrhardt (13th edition),
- Friendly merger. Occurs when the target company's management agrees to the merger and recommends that shareholders approve the deal.
According to Fundamentals of Financial Management by Eugene F. Brigham and Joel F. Houston (15th edition),
- Friendly merger. A merger whose terms are approved by the managements of both companies.
According to the Strategic Management by David and David (15th edition),
- Friendly merger. If the merger/acquisition is desired by both firms.
Related concepts
- Financial management. A combination of enterprise efforts undertaken in order to procure and utilize monetary resources of the enterprise.
