This work deals with company law, accounting and taxation aspects of the creation amd metamorphosis of a company as it becomes a group member, member of a consortium, or the predator in an acquisition for cash. It looks at contraction or splits of the company by purchases of its own shares or by demergers. It examines ways in which the owners could advantageously exit from the company, either as vendors of a target company in an acquisition or to managers who wish to buy out, or even by liquidation. Joint ventures and other contractual arrangements are discussed, plus how to avoid some of the obstacles encountered when mergers and takeovers are contemplated. It also deals with EC provisions.