In the second part of this conference James J. Hanks, Jr. continues speaking about ways in which corporations are able to merge, depending on their different needs and expectations.  He explains the advantages of both reverse mergers and squeeze-out mergers, related to topics such as the treatment of shareholders, share conversions, as well as several of the issues each merger entails.  Hanks also explains the procedures and firewalls available to deal with future problems, such as liabilities, that may arise and presently be unnoticed in the process.  Furthermore, he describes what tender offers are, their importance in this subject, and expose some of the advantages and disadvantages they provide, all within the American legislation context.