What documentation must the articles of merger or consolidation include regarding the financial status of the constituent companies?
The articles of merger or consolidation, executed after stockholder approval, must include specific financial and accounting details for each constituent corporation (SEC. 77, Revised Corporation Code of the Philippines). These articles must set forth the carrying amounts and fair values of the assets and liabilities of the respective companies as of the agreed cut-off date. They must also detail the method to be used in the merger or consolidation of accounts of the companies. Finally, the articles must show the provisional or pro forma values, as merged or consolidated, using the selected accounting method, providing a transparent view of the resulting entity’s structure.
02 November 2025
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