Simple English definitions for legal terms
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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.
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.