GLOSSARY

Merger by formation of a new company definition

What does Merger by formation of a new company mean?

A form of statutory merger under the now revoked Cross-Border Mergers Regulations where two or more transferor companies transferred all their assets and liabilities to a transferee company formed for the purposes of the cross-border merger in exchange for securities in the transferee company (or securities and cash) receivable by the members of the transferor companies.

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