warrants, convertible debt) in the foreign acquiring
corporation held by a former shareholder or partner of the expatriated entity must be treated as exercised, under Temp.
Due diligence files are an assortment of things, compiled to allow the acquiring
organization to determine the value and condition of the acquired entity.
Although this provision appears to clarify that the former shareholders of the acquired corporation must maintain a continuing interest in both the acquiring
and the acquired corporations, it does so at the cost of even more complexity.
If a 401(k) plan is properly terminated before the transition and distributions are made, the next issue is whether the distributions from the terminated plan should be accepted as rollovers into the acquiring
firm's existing plan.
Specifically, a transfer of assets or stock to a subsidiary of a controlling corporation where its stock is used by the acquiring
corporation is clearly not contemplated by the express requirements of section 368(a)(2)(C).
Solutions is pleased to have a partnership with Clearent to deliver value-added service, speed and technology to their ISOs and agent banks," says Charles M.
In a business combination effected solely through the distribution of cash or other assets or by incurring liabilities, the entity that makes such distributions is generally the acquiring
To qualify for a B-type reorganization, section 368(a)(1)(B) of the Internal Revenue Code requires the acquiring
corporation to use only voting stock as consideration in the acquisition of control of the acquired corporation.
Solutions(SM), formerly Vital Processing Services, the pre-eminent supplier of acquiring
solutions, related systems and integrated support services to the acquiring
industry, has reached an agreement to provide transaction processing services for National Processing Company (NPC), formerly Iron Triangle Payment Systems.
corporation forms a new subsidiary by contributing cash or liquid assets.
The simplest case is acquiring
a single intangible asset for a specific price from an unrelated party.
Philbin has been named president of TSYS Acquiring
Solutions effective immediately.