Schemes of arrangement under section 809 of the UK Companies Act 2006 have become a preferred way of purchasing corporations. The purchase price sometimes consists of cash or stock of the acquiring corporation, a mixture of both, or a choice between the two. It often turns out that some of the stock of the target corporation is held by persons in the US; if a decision is made to include the US shareholders, US regulations will have to be considered.
July 09, 2008 at 10:53 PM
1 minute read
The original version of this story was published on Legalweek
Schemes of arrangement under section 809 of the UK Companies Act 2006 have become a preferred way of purchasing corporations. The purchase price sometimes consists of cash or stock of the acquiring corporation, a mixture of both, or a choice between the two.
It often turns out that some of the stock of the target corporation is held by persons in the US; if a decision is made to include the US shareholders, US regulations will have to be considered.
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