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
I suggested in May that the statutory merger
of education services warrants serious consideration.
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
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).