If the exchange ratios of the shares of the non-controlling

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Special rule for transactions between companies subject to the same control
Although the article's caput and summary refer exclusively to a single transaction (corporation of a company), the rule contained therein applies to all transactions involving companies subject to the same controller. It was only for editorial reasons that this technique of choosing one of them was adopted, to regulate it in detail and provide, in §. 5, for the extensive application of the provision to the others.

This is a special rule on transactions involving companies subject to bulk sms iran the same controller. This category naturally includes both controlling and controlled companies. After all, the same controller of the controlling company indirectly controls the controlled company.

And why is a special rule necessary on corporate transactions involving companies subject to the same controller? The reason lies in the protection of the minority shareholder in relation to what is conventionally called the “exchange ratio”.

Legally, there is no “exchange of shares” in a corporate transaction. However, the market, ignorant of legal concepts, has become accustomed to calling the replacement of the shares of the acquired (or merged) company by those of the acquiring company (or the company resulting from the merger) this. The shareholder of the company that is extinguished in the transaction (incorporated or merged) cannot, of course, continue to hold shares issued by it. The extinction of the legal entity inevitably leads to the extinction of the shares representing its share capital. This shareholder will have his shares replaced by those issued by the acquiring company (or company resulting from the merger). There is no legal exchange, but something certainly similar to one, on a symbolic level.