reverse takeover

reverse takeover
A takeover or acquisition where the target is larger than the bidder with the result that the target shareholders become majority shareholders in the bidder.
Under the Listing Rules a reverse takeover occurs where a listed company acquires a business, an unlisted company or assets where any of the class tests is 100% or more or which would result in a fundamental change in the business or a change in the board or voting control of the listed company.
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Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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  • reverse takeover — noun (business) 1. One in which the company that has been taken over controls the new organization 2. One in which a smaller company takes over a large company • • • Main Entry: ↑reverse …   Useful english dictionary

  • Reverse Takeover — Ein Reverse Takeover (RTO), Back Door Listing oder Reverse Merger ist eine Transaktion bei der ein nicht börsennotiertes Unternehmen ohne einen Börsengang zu einem börsennotierten Unternehmen wird. Dies geschieht, indem die Aktionäre des nicht… …   Deutsch Wikipedia

  • reverse takeover — noun a takeover of a public company by a smaller company …   English new terms dictionary

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  • reverse takeover — /rɪˌvɜ:s teɪkəυvə/ noun a takeover where the company which has been taken over ends up owning the company which has taken it over. The acquiring company’s shareholders give up their shares in exchange for shares in the target company …   Dictionary of banking and finance

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  • reverse takeover — 1) The buying of a larger company by a smaller company. 2) The purchasing of a public company by a private company. This may be the cheapest way that a private company can obtain a listing on a stock exchange, as it avoids the expenses of a… …   Big dictionary of business and management

  • Reverse Takeover - RTO — A type of merger used by private companies to become publicly traded without resorting to an initial public offering. Initially, the private company buys enough shares to control a publicly traded company. The private company s shareholder then… …   Investment dictionary

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