8409006 Informal Interpretation
… (Third Party) has proposed to acquire the Parent through a cash-out merger. Prior to the effective time of the merger, … 80 percent of Subsidiarys stock now owned by Parent. The cash-out merger by Third Party clearly meets the test under … deplete the operating capital of (Subsidiary) by loans or advances to (Parent) or any (Parent) affiliate or to any …
Date
Rule
801.1(b)
Initialed by WEK 9/13/84. O (redacted) letter. B Parent [holds] 80% [of] sub 20%[of which is] held by Client Smith. A to acquire B (Parent) of B sub. Prior to A acq Smith will form Smith Inc & will...
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