Words / R / Law

reverse triangular merger

noun

C2CEFR level
96/100Rarity: very rare
TechnicalRegister

A structure in which the acquirer's shell subsidiary merges into the target, leaving the target alive as a wholly owned subsidiary.

We used a reverse triangular merger to keep the target's licences intact, since it survived and its contracts never triggered an assignment.

Topic: Corporate law in Legal English

Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.

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More law words: Corporate law