Section 1582 — Business Combinations

December 01, 2014

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.
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