A press release regarding a successful acquisition or a merger from the perspective of the Target. It gives a brief background of the target, the potential synergy and future development of the new business entity. It also informs the audience of the new business address and personnel change.
We are pleased to announce the the [MERGER/ ACQUISITION] of [COMPANY; ?> [by / with] [ACQUIRER], effective [date]. [The new company will be called [NAME CHANGE IF ANY].]
We are immensely proud of this marriage of two [DESCRIBE INDUSTRY – key players in the industry]. [ACQUIRER] was founded in [year] and has been [DESCRIBE BUSINESS OF ACQUIRER – a successful company in the industry. It has over [number] products in the industry and is a big player in [country].]
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