Mergers and acquisitions (M&A) transactions are never the same, each country has its own unique circumstances. More complicated transactions tend to take on different structures depending on a number of factors, varying from, among other things – the size of the transaction; any international elements; employees the target company might have; competition matters; regulatory implications; fiscal considerations and the relationship between the parties.
That said, generally, an M&A transaction, be it an acquisition of shares in the target company or an acquisition of the business of a target entity, more or less follows a specific process.