Friendly merger
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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.
Related concepts
- Financial management. A combination of enterprise efforts undertaken in order to procure and utilize monetary resources of the enterprise.