Case Law Summaries

California – Reverse Triangular Merger

CaliforniaNorth Valley Mall LLC v. Longs Drug Stores California, LLC, C079281, decided 9/25/18. The California Court of Appeal held that a reverse triangular merger does not result in a sale of the target’s property to the acquirer and the court will not ignore the form of reorganization where the merger was not performed for an improper purpose.

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