what is the procedure for amalagamation of two companies
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Amalgamation is the combination of two or more companies into a new entity by combining the assets and liabilities of both entities into one. The transferor company is absorbed into the stronger, transferee company, leading to an entity with a stronger customer base and more assets.
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an amalgamation in the nature of the merger is a transaction that works more like a merger one company (the transferee) absorbs the other company ( the transferor) as the two entities pool shareholders interest as well as assets and liability
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