Corporate consolidation definition

Corporate consolidation means a procedure, under Article 9 of the business corporation law, the corresponding statutes of other states and/or the corresponding statutes of foreign nations, comprised of the consolidation of two or more corporations into a single corporation which is a new corporation to be formed pursuant to the consolidation. In the case of a corporate consolidation, "acquiring person" means the constituent corporation the stockholders of which after the consolidation, own the largest proportion of the total voting power in the consolidated corporation, and "target corporation" means all other constituent corporations. A corporate consolidation does not include an excluded transaction as defined below or a procedure described herein which was completed prior to April 19, 1989.
Sample 1

Examples of Corporate consolidation in a sentence

  • Corporate consolidation through mergers and acquisitions is playing an increasingly significant role in the American economy, and it is crucial that the Antitrust Division have funding sufficient to enable it to review—and challenge when necessary—mergers that threaten to harm competition.

  • Corporate consolidation costs relate to the consolidation of management and other corporate functions of our Network Multifamily segment and include severance payments and accrued expenses relating to retention agreements.

  • Corporate consolidation and the development of distribution platforms such as Getty Images or Time Inc.

  • Corporate consolidation is either driven by Athens-based entities or involves sophisticated multinationals acquiring strategic control over Athens-headquartered assets.

  • Corporate consolidation will also increase, between agribusiness, GM biotechnology and the oil industry.

  • Corporate consolidation in the form of supermarkets and agri-food corporations means that fewer and fewer actors are mediating food access.

  • Corporate consolidation, certainly not unusual global phenomenon.Despite consolidation within the global industry, brand identities and names of boats are often stored.

  • Such students regain good academic standing when their CGPA becomes equal to or exceeds 2.50.

  • Corporate consolidation in 2002 made journalists concerned about the opportunities to give an influence as the result of a centralized ownership in a very lithe number of people (Quick, 2003: 1022-1023).The golden age of radio was much brighter after the bombing of Pearl Harbor by the Japanese in 1941 and the US was forced to join the Second World War.

  • Corporate consolidation through acquisition At a meeting of the board of directors on February 12th, 2019, this company acquired all shares in M-Win Soft Co., Ltd.

Related to Corporate consolidation

  • Consolidation means the consolidation of the accounts of each of the Restricted Subsidiaries with those of the Company in accordance with GAAP; provided that “Consolidation” will not include consolidation of the accounts of any Unrestricted Subsidiary, but the interest of the Company or any Restricted Subsidiary in any Unrestricted Subsidiary will be accounted for as an investment. The term “Consolidated” has a correlative meaning.

  • Merger has the meaning set forth in the Recitals.

  • Recapitalization means any stock dividend, stock split, combination of shares, reorganization, recapitalization, reclassification or other similar event.

  • Amalgamating Corporations means both of them;

  • Recapitalization Agreement shall have the meaning set forth in the recitals hereto.

  • Deconsolidation shall have the meaning provided in the Recitals.

  • Consolidated refers to the consolidation of accounts in accordance with GAAP.

  • Articles of Amalgamation means the articles of amalgamation giving effect to the Amalgamation required under the OBCA to be filed with the Director;

  • Consolidation Loan means a Loan made pursuant to and in full compliance with Section 428C of the Higher Education Act.

  • Reorganization Plan means a plan of reorganization in any of the Cases.

  • Reorganization Agreement has the meaning set forth in the recitals.

  • Reclassification Event means any of the following: (a) any reclassification or recapitalization of PubCo Shares (other than a change in par value, or from par value to no par value, or from no par value to par value, or as a result of a subdivision or combination or any transaction subject to Section 4.1(e)), (b) any merger, consolidation or other combination involving PubCo, or (c) any sale, conveyance, lease or other disposal of all or substantially all the properties and assets of PubCo to any other Person, in each of clauses (a), (b) or (c), as a result of which holders of PubCo Shares shall be entitled to receive cash, securities or other property for their PubCo Shares.

  • Corporate Reorganization means any change in the legal existence of any Subject Entity (other than a Capital Reorganization) including by way of amalgamation, merger, winding up, continuance or plan of arrangement.

  • Reclassification means the upgrading of a position to a higher classification as a result of the gradual increase of the duties being performed by the incumbent in that position.

  • Successor Holdings has the meaning assigned to such term in Section 6.03(a)(v).

  • Deconsolidation Date means the last date on which SpinCo qualifies as a member of the affiliated group (as defined in Section 1504 of the Code) of which Parent is the common parent.

  • Divestiture Assets means all of Defendants’ rights, titles, and interests in and to:

  • Capital Stock Sale Proceeds means the aggregate net proceeds (including the Fair Market Value of property other than cash) received by the Company from the issuance or sale (other than to a Subsidiary of the Company or an employee stock ownership plan or trust established by the Company or the Subsidiary for the benefit of their employees) by the Company of its Capital Stock (other than Disqualified Stock) after the Issue Date, net of attorneys’ fees, accountants’ fees, initial purchasers’ or placement agents’ fees, discounts or commissions and brokerage, consultant and other fees actually incurred in connection with the issuance or sale and net of taxes paid or payable as a result thereof.

  • Amalgamation Application means the amalgamation application that will be filed with the Registrar under subsection 275(1)(a) of the BCBCA in order to give effect to the Amalgamation, substantially in the form attached hereto as Schedule C;

  • Pre-Deconsolidation Period means any Tax Period ending on or before the Deconsolidation Date, and, in the case of any Straddle Period, the portion of such Straddle Period ending on the Deconsolidation Date.

  • Post-Deconsolidation Period means any Tax Period beginning after the Deconsolidation Date, and, in the case of any Straddle Period, the portion of such Straddle Period beginning the day after the Deconsolidation Date.

  • Mergers has the meaning set forth in the Recitals.

  • mixed financial holding company means a mixed financial holding company as defined in point (21) of Article 4(1) of Regulation (EU) No 575/2013;

  • Certificate of Amalgamation means the certificate of amalgamation to be issued by the Director in respect of the Amalgamation;

  • Combination of vehicles means a truck or truck tractor and

  • Consolidate means that a state may meet statutory and regulatory re- quirements by combining two or more plans into one document and that the state can select the format, submission date, and planning period for the con- solidated plan.