The process of acquisition of small companies by large companies

The process for a large company to acquire a small company is as follows: 1, and a letter of intent for acquisition is signed; 2. The acquired party holds a shareholders' meeting or shareholders' meeting; 3. Agree to the acquisition and sign the acquisition agreement. According to the provisions of the first paragraph of Article 172 of the Company Law, the merger of companies can be adopted by absorption or new merger. Article 173 stipulates that when a company is merged, the parties to the merger shall sign a merger agreement and prepare a balance sheet and a list of assets. The company shall notify the creditors within 10 days from the date of making the merger resolution and make an announcement in the newspaper within 30 days. Creditors may, within 30 days from the date of receiving the notice, or within 45 days from the date of announcement if they have not received the notice, require the company to pay off debts or provide corresponding guarantees. Article 172, paragraph 1, of the Company Law, a company merger may adopt absorption merger or new merger. Article 173 When a company is merged, all parties to the merger shall sign a merger agreement and prepare a balance sheet and a list of assets. The company shall notify the creditors within 10 days from the date of making the merger resolution and make an announcement in the newspaper within 30 days. Creditors may, within 30 days from the date of receiving the notice, or within 45 days from the date of announcement if they have not received the notice, require the company to pay off debts or provide corresponding guarantees.