Because many foreign jurisdictions now have merger statutes that operate like those of the states, under which all assets and liabilities move by operation of law, the change in the definition of an A reorganization now allows transactions effected pursuant to these statutes to qualify as statutory mergers or consolidations for Sec.
Before the issuance of these proposed regulations, the applicability of the "substantially all" and "solely for" requirements adversely affected an otherwise valid foreign merger from qualifying.
The merger is subject to FNIS stockholder approval.
Because the merger of FNIS and FNF will require the exchange of outstanding stock options between entities under common control, the combined companies will be required to record a compensation expense equal to the difference between the aggregate exercise prices and intrinsic value of vested FNIS stock options on the date the merger closes.
lets the target (in effect, the seller) realize the appreciation potential of the merged entity, instead of being limited to sales proceeds.
The likelihood of a successful merger
increases when the projected benefits are tangible and connected to the acquirer's core business.
WorldCom, the surviving entity from the 1998 merger
of MCI and WorldCom, saw its stock fall by about two-thirds in the 18 months that ended in January.
No wonder David Goodtree of Forrester Research described the SBC-Ameritech merger
as "dinosaurs dancing.
Charles Grassley, R-Iowa, wondered whether the recent string of big bank mergers
could reduce the credit available in rural areas.
But, it would be a mistake to think that adjustment to a new statutory environment--and the increased opportunities for geographic diversification--were the only reasons for the current volume of bank merger
Or, to be worked out before the merger
is consummated, is whether the two medical groups will stay in their existing facilities, one of these plants will be expanded, or a new consolidated physicians' office building will be sought.
Commissioner held that the surviving corporation in a merger
could apply unused excess profits tax credits of the merged corporation against its post-merger
Investors and security holders may obtain additional information regarding the direct and indirect interests of Columbia and JPMorgan and their respective executive officers, directors and employees in the merger
by reading the definitive proxy statement regarding the merger
In January 2003 (REG-126485-01, TD 9038 (1/24/03)), it amended the regulations to expand the scope of the term "statutory merger
or consolidation" to allow limited liability companies (LLCs) to be a party to an A reorganization.
When researchers asked a survey group about the business aims behind their merger
or acquisition, only a fifth of the respondents cited "maximizing shareholder value" as a key consideration.