Essay on The Merger Between Wells Fargo and Wachovia Bank

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It is proper to present a business definition of merger as it found on legal reference with the ultimate goal in the pursuing of an explanation on which this paper intents to present. A merger in accordance with the textbook is legally defined as a contractual and statuary process in which the (surviving corporation) acquires all the assets and liabilities of another corporation (the merged corporation). The definition go even farther to involve and clarify about what happen to shares by explaining the following; “the shareholders of the merged corporation either are paid for their share or receive the shares of the surviving corporation”. But in simple terms is my attempt to define as the product or birth of a corporation on which…show more content…
It is an interest point to mention Citi Bank (mostly based on the northeast USA) from the Citi Group who makes a move to add some fun in this particular merging process. The terms learned on class such as contract, negotiation, creditors, agreements, counteroffer and other will be utilized and applied as a matter of review enabling for the a better understanding of the learned concepts from Business Law. During the recent years the economy, the business world and the government have been experiencing tremendous change that is impacting all common private and public business practices. Business are experiencing a “ Global Financial Crisis” on which are not only the local or national markets but also the global markets are impacted on a negative and at times threaten the existence of powerful established corporations and organization. The new era is not a safe haven for no one anymore; including those who one time were described as solid financial enterprises. This environment has obligated the USA government on to attempt to rescue or become involve in the process to alleviate or provide some temporary solutions in a form of financial bail outs and economical stimulus package. This era started back on year 2007 and to continue to this very present day touching many economical areas such as Housing Industry, unemployment, investments securities, stock markets and others. One of

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