Search within this section
Select a section below and enter your search term, or to search all click Financial Reporting Manual
Favorited Content
16130 Business Combinations
us SEC - Financial Reporting Manual
16130.1 Registration of securities is allowed on MJDS Forms F-8 and F-80 in connection with Canadian statutory amalgamations, mergers, arrangements and other reorganizations requiring the vote of shareholders of the participating companies ("business combinations"). In the case of a business combination, those Forms consist of primarily the information prepared for distribution under Canadian proxy requirements. No reconciliation to U.S. GAAP is required for financial statements included under cover of those forms.
16130.2 Registration in connection with a business combination is allowed on those forms if:
a. | each participant is organized or incorporated in Canada and is a foreign private issuer; |
b. | the predecessor participants have been reporting for the preceding 36 months to Canadian securities regulatory authorities; |
c. | the predecessor participants have been listed for the preceding 12 months on the Montreal or Toronto exchange or the Senior Board of the Vancouver Stock Exchange; |
d. | each predecessor participant has a public float of (CN) $75 million; |
e. | U.S. holders would hold less than 25% (in the case of Form F-8) or 40% (in the case of Form F-80) of the class of securities being registered by the successor upon completion of the business combination; and |
f. | the securities must be offered to U.S. holders on terms no less favorable than those offered to any other holder of the same class of securities. |
This is a work of the U.S. Government
Link copied
