Electrum Special Acquisition Corporation (NASDAQ:ELEC) disclosed on Wednesday that its shareholders have approved an extension of the date by which the company must complete a business combination
II (Nasdaq: ANDAU, ANDA, ANDAR, ANDAW), a Cayman Islands exempted company, has executed several letters of intent for a potential business combination
, the company said.
Under ROI's amended and restated certificate of incorporation, the deadline to complete a business combination
currently is September 20, 2015.
The closing of the business combination
remains subject to customary conditions set forth in the parties Business Combination
Agreement dated September 24, 2013, as amended February 14, 2014, including approval by shareholders of Tokyo Electron and Applied Materials and review by regulators in various countries.
141 is likely to be replaced by the recently Proposed Statement of Financial Accounting Standards, Business Combinations
In the letter, EMR noted, "As we discussed today, we believe that a business combination
of EMR and Metal Management would be in the best interests of Metal Management, its stockholders and EMR.
For purposes of FAS 141, the formation of a joint venture is not a business combination
Should a regulator seek to stop a business combination
, he must, outside of certain highly regulated industries, sue in a court of law to show that the merger violates the law (usually the Sherman Act).
In the long run, specific information related to a particular business combination
likely will be better for investors, once they've gone through the learning curve on evaluating the new rules on acquired intangibles, sifting through new disclosure requirements and changing old evaluation methods.
Considering the obverse situation, if a valuation allowance is first required in a period subsequent to the business combination
, the reduction of the deferred tax asset (through an increase to the valuation allowance) is presumably to be reflected in current income taxes.
Holders of Liberty common stock who elect to receive Prisa shares in the business combination
will receive 1.
M2 EQUITYBITES-May 15, 2017-Andina Acquisition gets extension to complete business combination
made by Tokyo Electron on September 24, 2013 (the Prior Press Release ), these subsidiaries will be incorporated as part of a business combination
(the Business Combination
) through a merger of equals between Tokyo Electron and Applied Materials, Inc.
16) will provide guidance on the accounting for a business combination
at the date a business combination
When a business combination
is recorded using the purchase method, fair market values are used to record the acquisition.