Replies to post #126503 on Alternative Energy Partners Inc (AEGY)

[langejansplayer]

Also, unless there are Sherman Act issues, no government entity (not even the state) "approves" the merger. There is no "approval process" or even "approval criteria." It is a right to merge established by state statute. All that occurs is that Articles of Merger are filed with the Secretary of State, and the merger is then consummated (overly simplified, but that's the gist). As a matter of state law, only the surviving corp then exists, and the debts, assets, obligations, etc. of the target become the debts, assets, obligations, etc. of the surviving corp. Simple as that, really.