Abstract

     Merger is a legal process in which two or more companies unite. This unification takes place either by one company merging with another or by both being merged into a new company that replaces them. As a result of the merger, the merging company ceases to exist and its legal personality is dissolved, with all its assets, including liabilities, being transferred to the merging company or the new company formed as a result of the merger. In addition, in the case of a merger by absorption, the capital of the merging company is increased, and in the case of a merger by combination, a new company with new capital is created. The merging company becomes liable to the creditors of the merging companies - whether they are ordinary creditors or bondholders - and is responsible for all their debts without this resulting in a renewal of the debt.