Which of the Following Is Required in Order for a Transaction

question 58

Multiple Choice

Which of the following is required in order for a transaction to be considered a corporate inversion?

• A) The former U.S. company and its affiliates do not conduct substantial business in the foreign country of incorporation.
• B) Former shareholders of the U.S. corporation own 80% or more of the stock in the foreign corporation by reason of their U.S. stock ownership.
• C) A foreign corporation acquires substantially all of the assets of a U.S. corporation.
• D) All of the above are required.

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Definitions:

Great Britain

the island comprising England, Scotland, and Wales, and is often colloquially used to refer to the United Kingdom.

Domesticated

Refers to animals that have been tamed and bred in a human environment for work, companionship, or food; can also refer to plants adapted for human use.

Judgment

A legal decision made by a court following a lawsuit.

Appeals

The process of seeking a higher court's review of a lower court's decision in hopes of overturning or modifying the decision.