Section 1582 - Business Combinations

A business combination is:

• A transaction or event in which an acquirer obtains control of one or more businesses (e.g. acquisition of shares or net assets, mergers, reverse acquisitions).

Section 1582 does not apply to:

• Formation of a joint arrangement.
• A combination of entities or businesses under common control.
• Acquisition of an asset or group of assets that is not a business.

Download this standard