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Section 253 - Merger of parent corporation and subsidiary corporation or corporations (a) In any case in which: (1) at least 90% of the outstanding shares of each class of the stock of a corporation or corporations (other than a corporation which has in its certificate of incorporation the provision required by § 251(g ...
Also known as a medium-form merger or a Section 251(h) merger, an intermediate-form merger is a special type of merger permitted by Section 251(h) of the Delaware General Corporation Law (DGCL) for acquisitions of target companies that are Delaware public corporations that allows a buyer in a tender offer to complete a ... Intermediate-Form Merger - Westlaw westlaw.com ? Glossary ? PracticalLaw westlaw.com ? Glossary ? PracticalLaw
Short-form merger The short form is a type of ?friendly? merger that can be used to combine two LLCs in Delaware. The state of Delaware also approved the consolidation of a Delaware non-corporate entity as the parent and a subsidiary in which the parent accounts for a minimum of 90% outstanding shares per stock class. Clarifications On Delaware LLC Merger Your Business Should Know bbcincorp.com ? offshore ? articles ? clarification... bbcincorp.com ? offshore ? articles ? clarification...
§ 253. Merger of parent corporation and subsidiary corporation or corporations. (2) The terms and conditions of the merger shall obligate the surviving corporation to provide the agreement, and take the actions, required by § 252(d) of this title or § 258(c) of this title, as applicable. Title 8 - Delaware Code Online Delaware Code (.gov) ? title8 Delaware Code (.gov) ? title8
subsidiary downstream merger is a merger of a parent into its subsidiary. The subsidiary survives and the parent disappears. What are the different types of business mergers? Wolters Kluwer wolterskluwer.com ? expertinsights ? what... wolterskluwer.com ? expertinsights ? what...