In the arena of business law and commercial transactions, corporate mergers and acquisitions are common in every nation. International business is impacted, and consumer products undergo rapid changes. When it comes to the end consumer, do corporate mergers affect customers? What do experts in the field say?
David Baer Attorney – corporate mergers and the customer
David Baer is the COO and General Counsel for O’Shaughnessy Holding Company in Minnesota. He is a professional with valuable knowledge and experience in the field of business law, real estate and business mergers and acquisitions. He says that mergers benefit everyone – employees, customers and the whole business community.
The legal impact
He and his team of professionally qualified experts help businesses understand how corporate mergers and acquisitions impact the consumer in Eden Prairie in Minnesota. He adds that several meetings take place between companies and all the minutes of these meetings are analyzed to come to a decision. There are several legal implications for both companies that are merged together.
The David Baer Attorney team are like professional Vikings who sincerely help businesses with the legal processes involved in company mergers. Most business owners download information from the Internet however when it comes to accurate knowledge; it is prudent to consult a local lawyer with expertise in the field. Attorneys also settle issues prior to the merger.
The court will resolve cases between the petitioner and respondent before the merger takes place. This makes the process streamlined. The employers of both companies start working for the new company. Some are recruited and kept on probation to cater to new demands. Changes are made to business practices, and processes decided a long time ago by the new company. They generally create new policies for both employees and customers.
What about the customer?
The customer too shall face some changes with the merger. Mostly these changes are positive. For instance, when companies merge into one company, competition in the market is reduced. Prices dip, and this becomes favorable for the customer. For instance, if two computer companies merge into a single computer company, they will incur reduced procurement costs resulting in cost savings. They will reduce the prices of their products by making customers happy in the process.
The number of choices available to the customer increases when two companies merge. The vice versa can also occur. The number of available choices for the customer can reduce as well.
Mergers often improve the quality of service provided to customers. For instance, if two software companies merge together, they can improve the quality of services to the end user.
In short, the David Baer Attorney team of professionals say that with every merger the customer does benefit. However, mergers have a long legal process as many aspects of business law needs to be taken into consideration. This is why attorneys with skills should always be consulted before business mergers take place by owners of two companies. The focus of these companies should be to drive sales and reduce costs so that they can serve their customers better!