904 Mergers and merging companies
Companies Act 2006 | Legislation

Chapter 2
Merger

Introductory

904  Mergers and merging companies

(1)     The scheme involves a merger where under the scheme—

(a)     the undertaking, property and liabilities of one or more public companies, including the company in respect of which the compromise or arrangement is proposed, are to be transferred to another existing public company (a “merger by absorption”), or

(b)     the undertaking, property and liabilities of two or more public companies, including the company in respect of which the compromise or arrangement is proposed, are to be transferred to a new company, whether or not a public company, (a “merger by formation of a

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