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Simple English definitions for legal terms
mergee
Read a random definition: residuary devisee
A quick definition of mergee:
Term: MERGEE
Definition: A mergee is someone who is involved in a corporate merger. This means that their company is joining with another company to become one bigger company. The mergee is a person who works for the company that is being merged. They will be affected by the merger and may have to adjust to new changes in their job or workplace.
A more thorough explanation:
Definition: A mergee is a person or company that is involved in a corporate merger. This means that they are either being acquired by another company or are merging with another company to form a new entity.
Example 1: Company A is merging with Company B to form a new company, Company C. Company A and Company B are both mergees in this situation.
Example 2: Company X is being acquired by Company Y. Company X is the mergee in this situation.
These examples illustrate the definition of a mergee by showing how a mergee is a participant in a corporate merger. In both examples, the mergee is either being acquired by another company or is merging with another company to form a new entity.