Article 568 — Merger or Division Report

1/ The board of directors or the general manager, if the business organization does not have a board, of each of the merging or dividing business organization shall draw up a detailed written report explaining the merger or division plan to the general meeting of the shareholders or members of the organization. 2/ The report indicated under Sub-Article (1) of this Article shall include the following: a) Economic goals of the merger or division, and legal grounds if any; b) Merger or division agreement; c) The number of shares to be given to shareholders or partners in exchange, the manner in which the allotment is determined and the amount of payment in cash, if any; d) The payment in cash that is to be made to shareholders or partners that leave the business organization owing to their disapproval of the merger or division; e) Where the merger requires prior approval indication that approval has been secured from the pertinent body; f) The possible impact of the merger or division on the employees of the business organizations that engage in the merger or division and g) Any other relevant information.