M&A Bootcamp booklet - Flipbook - Page 19
Example #3B
“Forward Subsidiary” Cash Merger
Purchaser
$$$
Stockholders of
T
100%
100%
T merges
into Sub
Sub
T
FACTORY
After the merger:
Purchaser
Former
Stockholders of
T
($$$)
100%
Sub
(assets and
liabilities of T)
FACTORY