Acquisition is legal action done be legal entities or individual to take over the company stock which resulted in the control shift of the company as stated in Article 1 No. 11 UUPT. The process and requirements of Merger and Acquisition is regulated in UUPT.
Legal Subject:
Companies
Legal Entity Status:
Legal Entity Status of Companies which merge itself is Dissolves
Assets and Liabilities
The assets and liabilities of the merged companies are fully transferred to the company receiving the merger.
Merger is a legal act that is done by one or more company to merge itself to other surviving company altogether which resulting in assets and liabilities of the merging company legally transferred, therefore the legal status of the merging company is liquidated (Article 1 No 9 Law No 40 Year 2007 regarding Limited Liabilities Company (UUPT)).
Legal Subject:
Legal Entities and Individuals
Legal Entity Status:
Legal Entity Status of both company (who take over and taken over), still exist. Only the control of the taken over company has changed.
Assets and Liabilities
Assets and liabilities of both companies who take over and taken over), remain in their respective control. Only the control of the taken over company has changed.