Announcement of Acquisition. Addressee Address City, State Zip. When writing a bad-news letter, you need to focus on maintaining the best possible relationship with the client, showing that the decision was fair and stating the bad news as clearly and succinctly as possible. These letters could be written to inquire information about a product, terminate a contract with a vendor, or to inform a vendor of relocating of business. Now that you understand why communicating your merger or acquisition to your clients is so important, let’s break down how you should notify them. This letter also serves as a notice for name change. The letter may include few important details about the new owner of the business , the name of the company, their qualification , know-how , experience and basic contact information . Register 2 months in advance and save $1,000. Another example of this would be if you merged with an organization that had technological advances far beyond your current offering. This business letter can be e-mailed, mailed, faxed or couriered.The purpose of this online sample letter template is to familiarize you with the right format for this kind of a cover letter and get you the best example to make a beginning. Merger AnnounceMent August 30, 2007 To our valued and respected Clients: We are pleased to announce that effective October 1, 2007 Alton Builders will be merging with ... the quality of that asset. Here's an example of an assignment agreement by which the assignor (the party who does the assigning) assigns a stock purchase agreement to an assignee (new owner). How to write a Termination Letter for Vendors. It shows you the most important details that need to be in your letter, like the old name that you are changing from, the new name and the date from which it should take effect. It shows you where to write your own address, where to write the address of the recipient of the letter, the date, and surname of the person to whom the letter is intended and the right wording to use. The verbiage and the type of information that you will need to release can vary greatly based on these differences. The rest of the letter will list reasons why you’re thankful for being able to rely on them, as well as a statement of hope for the continuation of your business relationship with them in the future. If drafted correctly, direct marketing letters can be one of the most effective marketing tools for your business. If there are several vendors, each letter needs to be personalized. A business announcement letter is a letter sent out to vendors and customers that help in declaring an event, change of policy and management or a handover, takeover or merging with another firm. If there are several vendors, each letter needs to be personalized. By doing so, you ensure that your clients are in the know, ready to potentially make changes, and have an understanding of what is happening with the partnership you have created with them. Dear Mr./Ms. Direct marketing letters are letters written to persuade the recipients to purchase products or services in the absence of salespersons. We have worked together for the last 15 years and there has been various ups and down which the two companies have worked together to sail through. The assignee gains all the assignor's rights and … The merger of Springfield Mortgage and Doe Mortgage in the first quarter of 2018 has given us more … Last Name: Please consider this letter our formal withdrawal from our contract with Upstate Consultants. April 28 - April 30, 2021. So now that we know why it is important for you to communicate these changes to your client, you need to understand why your clients finds these specific changes important to them. Dear Mr. Ortiz, This letter is to inform you that, as of October 15, 2014, I will be retiring in my position as a Senior Sales Associate with Brands Corporation. So, you are requested to provide all those important details. . Address of Recipient. A business letter is a formal way of communication and that is why it requires a special format. This Letter should be written in The Letter-Pad of the Company. You might not think that the merger or acquisition will change your service, but it might impact how your client see’s your service. Besides this reason, you also have an obligation to your clients to alert them to any changes in your service. THE PROPOSED MERGER TRANSACTION AND RELATED MATTERS. This manufacturing firm is a competitor of one of your clients. John Smith XYZ Inc. 1234 First Street Suite 567 Anycity, Anystate 85245] Dear Valued Customer: We are pleased to announce that we have recently acquired [DESCRIBE BUSINESS ACQUIRED, ex. Announcement of Acquisition. With the wording in place, you only need to plug in your specific details and you are done. Have you ever had a super engaged client? In addition to receiving the proxy statement and related materials by mail, the Company’s stockholders and investors will also be able to obtain, without charge, copies of the proxy statement (once filed) and other Company filings with the SEC from the SEC’s website at www.sec.gov. Name of Recipient. When it's time to send a negative business letter to a client, it's important to do what you can to keep your relationship positive even if the message itself isn't. Mergers and acquisitions are an exciting time for any organization. Among the risks and uncertainties that could cause actual results to differ from those described in the forward-looking statements are the following: (1) the occurrence of any event, change or other circumstances that could give rise to the termination of the merger agreement, (2) the risk that LMI’s stockholders may not approve the issuance of the Company common stock in connection with … Here are the sections your letter should include: Announcing the merger or acquisition: In this section you will want to announce what companies have either been merged... Background on your firm: Explain the history of your organization in this section. Jan. 25 - Jan. 27, 2021. In some industries, losing just one client can have a huge impact to your yearly financial statements. Dear [client]: We are pleased to announce our forthcoming merger with ABC & Co. A Change of Ownership Announcement Letter is a merely a formal announcement to all the faithful and devoted customers/employees that the owners of the company are going to waive the ownership to some other person/body. [COMPANY ADDRESS] Subject: Letter of Intent for the Acquisition of [COMPANY] by [ACQUIRER] PandaTip: This letter of intent establishes the intent of one company to buy another, by way of a “stock purchase”. As per our conversation last week, we have made the agreement for your perusal. As a note, it's important to mention that these letters should be customized to fit your business. BY JOEL SINKIN AND TERRENCE PUTNEY March 31, 2009 The letters you send to clients announcing a merger or acquisition should reassure in order to retain. Our company has now set its path in this positive direction and we appreciate the continued cooperation from all of our employees as we work through this transition period. 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