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[QUOTE="Nehanda, post: 28236, member: 2262"]
Zimbabwe regulates business combinations through two primary laws. The Competition Act Chapter 14:28 and the Companies Act Chapter 24:31 establish these rules. Every type of company enjoys the right to merge when following proper procedures. This includes private firms, public corporations, and cooperative enterprises.

Public company mergers follow extra steps under section 228 of the Companies Act. These requirements apply when several public companies combine or when public and private businesses unite. The law creates a clear path for these significant business changes.

Companies wanting to merge must first create a draft agreement that satisfies section 229. They announce their plans publicly for everyone to see. The official Government Gazette carries these notices alongside hometown newspapers where company headquarters exist. Each announcement lists every business planning to join forces.

Everyone owning company shares receives a notice about upcoming mergers. These notifications contain the merger agreement plus reasons supporting the business decision. The board explains why they favor or oppose the merger, providing clear reasoning behind their position on the proposed business combination.

Financial experts often review these complex deals. Their analysis helps shareholders make informed choices. Companies share these expert opinions alongside their financial history. They provide three years of financial records unless the business started more recently.
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