Mergers Acquisitions Comparative Information

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Moreover, a share acquisition that leads to the seizure of administration management because of an inheritance or property regime between spouses or authorized obligations has been introduced as an exemption of the tender supply obligation. One of the explanation why companies are concerned on this course of is to benefit from expanding and maintaining their customer portfolio. The purchaser and seller shall be collectively liable for the money owed of the enterprise for 2 years following closing of the deal, which in some instances is taken into account an essential determination factor. With this amendment, the Capital Markets Board has clarified some points within the tender supply processes (e.g., tender supply value calculation and relevant trade rate) and expanded the cases where neither the tender offer obligation, nor the exemptions arise. In order to finish a sound acquisition, it's elementary to comply with the provisions of the related legislation under Turkish legislation.
Accordingly, shareholders' agreements must be carefully reviewed by experienced counsel and extra protection mechanisms should be included to ensure the straightforward enforceability of terms beneath these agreements.

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