The company will effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganisation or similar
business combination with one or more businesses or assets.
The new SFAS 141R also moves toward a more principles-based standard by requiring in paragraph 73 that the disclosures should include, "whatever additional information is necessary" to let the users fully evaluate the financial effect and nature of the
business combination. These new increased disclosure requirements should result in statements that are more transparent and useful to the users.
The Chairman of BMI Bank, Sheikh Khalid bin Mustahail Al Mashani also thanked the Central Bank of Bahrain and shareholders of BMI Bank for their approval to proceed with the
business combination.
Likewise, the
Business Combination is expected to not have a material impact on Nidec's consolidated results of operations.
The EDs now require that these transaction costs to be accounted for separately from the
business combination, as they do not represent assets acquired and liabilities assumed.
These proposed amendments to IAS 37 complement the Exposure Draft of Proposed Amendments to IFRS 3
Business Combinations, and would result in items previously described as 'contingent liabilities' being treated more consistently in and outside a
business combination.
2) An acquirer must be identified for every
business combination within its scope.
European Metal Recycling Ltd., Warrington, U.K., has sent a letter to Metal Management Inc.'s board proposing a legal and financial due diligence study of Metal Management to pursue a
business combination.
A
business combination occurs when an entity acquires net assets that constitute a business or equity interests of one or more other entities and obtains control over that entity or entities.
By analyzing the economic characteristics of a market--demand elasticity, barriers to entry, number of participants and so on--Monti and his Merger Task Force attempt to determine in advance the competitive effects of a
business combination. This way of proceeding is well-entrenched at the Commission and precedes Monti's time as competition regulator.