Forward Triangular Merger


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Forward Triangular Merger

A merger where an independent company combines with the subsidiary of another country. For example, a forward triangular merger may occur when Company A merges with Subsidiary B of Company C. In this forward triangular merger, Company A (or at least its resources and assets) becomes a subsidiary of Company C.
References in periodicals archive ?
Specifically, CEN has entered into a forward triangular merger with Eastern Starr the wholly owned subsidiary of Incumaker, Inc.
Incumaker Unit's Deal to Acquire Canadian Marijuana-Focused Drugmaker CEN Biotech Terminated
368-2(b) (1)(iii), Example (4), will allow a triangular consolidation or amalgamation to qualify if the transaction meets all the tests (including the "substantially all" test) under the reorganization rules applicable to forward triangular mergers under Sec: 368(a)(2)(D).
Statutory mergers
The Court addressed the issue of whether the receipt of property other than stock or securities as part of a forward triangular merger had the effect of a dividend distribution.
Unfortunately, the Clark decision addressed only whether the boot received as part of the forward triangular merger had the effect of the receipt of a dividend.
The correct E&P for measuring Sec. 356(a)(2) dividend income
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