Business law encompasses many different specialties and subspecialties. While you may think that you can have just one attorney, depending upon what needs crop up in your business, it is often necessary to have two, three, or even more. That is why you want to have a lawyer that has connections with many types of business attorneys, such as ones that are specialized in mergers, acquisitions and divestitures law. What exactly is this type of law and why would you need someone that specializes in this?
Mergers and acquisitions are normally put together into one grouping. This involves the buying, selling, dividing, and combining of different companies and entities that help an enterprise to grow rapidly without creating another company. The differences between merger and acquisition have become very blurred, but they are not completely gone in all situations.
Normally, in a typical merger, there is no power grab between the management of the acquirer and the target. In a typical acquisition, that is not the case, however. In an acquisition, the acquirer completely takes over and establishes itself as the new entity.
In divestiture, the asset (usually a company) is partially or fully disposed of through sale, exchange, closure, or bankruptcy. This process can be done over a long period of time in small lots or in a shorter time period with larger amounts.
If you own a business, there may come a time when you will need a lawyer that specializes in mergers, acquisitions, and divestitures law. Whether you are the target or you are the acquired or asset, you will want to be sure that you have someone on your side to ensure that your interests are being taken care of. That is why you want to be sure that you have a business lawyer that has connections to be able to guide you to someone with the right specialization and experience.