surviving company

surviving company

The company that emerges in control following a business combination. The surviving company is generally one of the firms entering the combination but may be a new company formed by the combination. For example, BP, formerly British Petroleum, was the surviving company from the merger of British Petroleum and Amoco Corporation.
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eHi Car Services announced that at an extraordinary general meeting of shareholders, the company's shareholders voted in favor of, among other things, the proposal to authorize and approve the previously announced agreement and plan of merger, dated February 18, among the company, Teamsport Parent Limited and Teamsport Bidco Limited, pursuant to which Merger Sub will be merged with and into the company with the company continuing as the surviving company, the plan of merger required to be filed with the Registrar of companies of the Cayman Islands in connection with the Merger and the transactions contemplated by the Merger Agreement and the Plan of Merger, including the Merger.
MCC will merge with and into Sierra, with Sierra as the surviving company.
(NYSE: WAB), and SpinCo will continue as the surviving company.
The surviving company in the merger will be GOV and it will change its name to Office Properties Income Trust, or OPI, upon closing the merger.
Toshiba Machine (Chennai) Private Limited, as a surviving company, has currently sales offices in 18 locations within India.
Bruker AXS Nordic AB, Bruker BioSpin Scandinavia AB, and Bruker Optics AB have merged with Bruker Daltonics Scandinavia AB, and the surviving company has been renamed to Bruker Nordic AB.
Documentation: Under a Legal Merger, all of the assets of the merging companies will automatically be brought together within the surviving company without the need for them to be individually identified and transferred, so full and clear title to each asset on a transfer to the surviving company should be achieved without anything being left behind.
The Boards of Directors of Pampa Energia and Petrobras Argentina have instructed their respective management teams to initiate the necessary procedures for the merger of Pampa Energia and Petrobras Argentina, with Pampa Energia as the surviving company.
For example, a bank would need to obtain the consent of all its account holders to transfer their accounts to the surviving company if a traditional merger was implemented, unless such consent has already been given in the account terms and conditions.
Under terms of the merger agreement, a wholly owned subsidiary of Tornier merged with and into Wright Medical Group, with Wright continuing as the surviving company and a wholly owned subsidiary of Tornier.
Troax Group AB (STO:TROAX) announced on Friday that its merger with Troax Corp AB (Troax Corp), with Troax Group as surviving company, is continuing according to plan.
In a merger, the surviving company is liable for any taxes owed by the acquired company and is entitled to any refunds due to the acquired company, while the acquired company ceases to exist, loses its TIN, and is treated as though it had always been part of the surviving company.