de facto merger

de facto merger
de facto merger see merger

Merriam-Webster’s Dictionary of Law. . 1996.

de facto merger
USA
A de facto merger occurs when a transaction (which is not structured as a merger) is in substance a merger of the seller and buyer. The de facto merger doctrine is meant to detect these transactions (usually an asset sale) to prevent companies from avoiding the assumption of seller's liabilities while enjoying all the benefits of a merger.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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