Replies to post #689 on Tingo Inc (TMNA)

[Stock_Barber]

Forward triangular mergers can have a big impact on the target company's licenses and contracts because third parties can withhold consent to the assignment of contracts and licenses to the acquirer and seek a price for providing such consent.

Forward triangular mergers have the advantage of protecting the buyer from the target's liabilities.

In the United States, forward triangular mergers are taxed as if the target company sold its assets to the subsidiary and then liquidated

https://www.investopedia.com/terms/f/ftm.asp

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[crudeoil24]

Any day now! > "Tingo expects to receive shareholder approval of the transaction and, following the mailing of an Information Statement to its shareholders, expects to close the transaction with MICT in the fourth quarter of 2022."