Also known as a medium-form merger or a Section 251(h) merger, an intermediate-form merger is a special type of merger permitted by Section 251(h) of the Delaware General Corporation Law (DGCL) for acquisitions of target companies that are Delaware public corporations that allows a buyer in a tender offer to complete a back-end merger without stockholder approval if the other statutory conditions are met (DGCL § 251(h)). Intermediate-form mergers are the most common type of merger used in a two-step merger for the acquisition of a Delaware public corporation.

For more information on intermediate-form mergers, see: