83-3(k) (transfer restrictions under the pooling-of-interests accounting
rule), a substantial risk of forfeiture may be established only through a service condition or a condition related to the purpose of the transfer; (2) in determining whether a substantial risk of forfeiture exists based on a condition related to the purpose of the transfer, both the likelihood that the forfeiture event will occur and the likelihood that the forfeiture will be enforced must be considered; and (3) except as specifically provided in Sec.
Most deals were stock-for-stock transactions, accounted for using pooling-of-interests accounting
PepsiCo said the Securities and Exchange Commission agreed that the repurchases would not violate the terms of the pooling-of-interests accounting
the company has used for its merger with The Quaker Oats Company.
And, since differences in the form of consideration exchanged appear to be the major rationalization supporting pooling-of-interests accounting
, one can conclude that pooling accounting is of questionable validity.
The transaction was accounted for by the pooling-of-interests accounting
method and, therefore, all prior year financial information has been restated to include Shoreline as if it had always been a subsidiary of the Corporation.
Also, 82 percent of the respondents indicated that the elimination of pooling-of-interests accounting
will not impact their overall M&A activity, but that the new standards add complexity to structuring deals and the valuation of intangible assets.
PepsiCo had rescinded its share repurchase program in December to qualify its planned merger with The Quaker Oats Company for pooling-of-interests accounting
The United States is perhaps one of the last countries in the world to still permit pooling-of-interests accounting
0 billion of its common stock to comply with the limitations of pooling-of-interests accounting
in its acquisition of Summit.
This program will be initiated and conducted in a manner consistent with Bell Atlantic's use of pooling-of-interests accounting
and other terms of the pending Bell Atlantic-GTE merger.
A true merger -- where ownership interests are continued, no change in control of the company's assets or liabilities transpires, no culmination of an earnings process occurs, and risks and rewards of net assets obtained are similar to those given up -- warrants pooling-of-interests accounting
The United States stands alone as perhaps the last country in the world to still permit pooling-of-interests accounting