Board Minutes - Approval Of Acquisition
CO.CA.MM.13
IN LIGHT OF THE ECONOMIC CRIME & CORPORATE TRANSPARENCY ACT 2023, THIS TEMPLATE IS CURRENTLY UNDER REVIEW.
These board minutes approve the terms of an acquisition by a company of the entire issued share capital of a target company, authorising the directors to give effect to the acquisition on the terms set out in the share sale agreement.
Use these minutes to approve a company’s purchase of the entire share capital of a target
Where the buyer in a share purchase transaction is a company, it will usually need to hold a board meeting to approve the transaction. These board minutes are suitable for a private company limited by shares purchasing the whole of the issued share capital of the target.
What these minutes record
- Board approval of the acquisition terms.
- Authority for the directors to implement the acquisition in accordance with the share sale agreement.
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