Statutory merger

Statutory merger

A merger in which one corporation remains as a legal entity, instead of a new legal entity being formed.

Statutory Merger

A merger between two or more companies in which one company continues to legally exist, while all others cease to exist. That is, if Company A and Company B merge, Company A will continue to exist under its own name, while Company B will begin to operate under the name, "Company A." A statutory merger is essentially the same as an acquisition, though an acquisition carries a slight connotation of a hostile takeover, while a statutory merger does not. See also: Statutory consolidation.
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28, 2015 /PRNewswire/ -- International law firm Walkers recently acted for Integra Group ("Integra") in what was the first instance of a petition to the Grand Court of the Cayman Islands (the "Grand Court") for a determination of the fair value of a dissenting investor's shares, following the successful completion of a statutory merger.
It is anticipated that the Proposed Acquisition will be effected through a statutory merger under BVI law pursuant to which Forte Energy shall issue and allot to Leominex shareholders a total of 95 per cent of the Company s issued share capital (equivalent to approximately 860 million ordinary shares in the capital of Forte Energy at the date of this announcement), as consideration for 100 per cent of the issued share capital of Leominex.
The previously assigned EIN should be used by the surviving corporation in a statutory merger and in a reincorporation qualifying as an F reorganization.
The statutory merger structure mitigates against, and in some cases eliminates, execution risks in a number of important areas that were associated with previously used structures.
The statutory merger of council education services under joint management could also be a solution, he said.
Completion of share buyback in March 2011 related to the statutory merger of Comstar with MTS
With everything that is happening, and the changes taking place, it seems inappropriate to continue to look at a statutory merger.
a statutory merger under Colorado law ("the transaction") and subsequently,
The new BVI Business Companies Act has given the jurisdiction a favorable statutory merger regime.
14) The de facto merger theory of successor liability imposes the same result for an asset sale that is like a statutory merger except for the continuity of liability, so that form doesn't triumph over substance.
Selling shareholders can receive the buyer's stock tax free by a statutory merger (known as an "A" reorganization); the acquisition by the buying corporation of the selling corporation's shareholders' shares in exchange for the buying corporation's stock (known as a "B" reorganization); or the selling corporation's receipt of the buying corporation's shares in exchange for the selling corporation's assets (known as a "C" reorganization).
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