FTS is an administrator of mergers. A merger is the combining of two or more companies.

Generally by offering the stockholders of one company securities in the acquiring company in exchange for the surrender of their stock. In the pure sense of the term, a merger happens when two firms agree to go forward as a single new company rather than remain separately owned and operated. This kind of action is more precisely referred to as a “merger of equals”. The firms are often of about the same size. Both companies’ stocks are surrendered and new company stock is issued in its place. So, basically, a merger occurs when two companies become one. This decision is usually mutual between both firms.