Enter to open, tab to navigate, enter to select
Reverse Triangular Merger
Practical Law Glossary Item 3-382-3772 (Approx. 3 pages)
Glossary
Reverse Triangular Merger
A form of merger in which:
- The buyer forms a subsidiary and that merger subsidiary merges with and into the target company.
- The target company assumes all of the merger subsidiary's assets, rights, and liabilities by operation of law.
- The merger subsidiary ceases to exist as a separate entity.
- The target company survives the merger and becomes the buyer's subsidiary.
For more information on mergers, see Practice Notes, Private Mergers: Overview and Public Mergers: Overview.