| − | In a '''cash-out merger''', the purchasing corporation acquires the shares of the target [[corporation]], and buys the outstanding shares of the outgoing [[shareholder|shareholders]]. Cash-out mergers and [[freeze-out merger|freeze-out mergers]] often go hand-in-hand; in a cash-out/freeze-out merger, the purchasing corporation obtains the minority shares by buying them out (sometimes adversely). | + | In a '''cash-out merger''', the purchasing corporation acquires the shares of the target [[corporation]], and buys the outstanding shares of the outgoing [[shareholder]]s. Cash-out mergers and [[freeze-out merger]]s often go hand-in-hand; in a cash-out/freeze-out merger, the purchasing corporation obtains the minority shares by buying them out (sometimes adversely). |