A merger where a smaller company takes over a larger company. Sometimes this device is used as a means of back door listing.
When a small company notionally buys a bigger one. Although it is the small company doing the buying it is the shareholders of the larger company that end up controlling the enlarged entity. It's a complex process that is mainly used by corporate advisors as an excuse to charge higher fees.
When a small company takes over a larger one, or when the company being taken over is likely to be the major element in the combined business.
A takeover in which control of the combined business goes to the shareholders and management of the "acquired" business.... more on: Reverse takeover
A private company strategy for gaining access to public markets through takeover of a listed business entity, and typically a "shell" firm.
A method of listing on a stock exchange when a private company acquires or takes over the shares of a listed company.
The process of a smaller company taking over a larger one, or when the company being bought will be the dominant part of the new company.
An unlisted company acquires a smaller listed company, thus achieving a stock market listing 'through the back door'. The acquisition is carried out by the listed company issuing new shares in order to acquire the unlisted company. As the unlisted company is larger than the listed one, the bidder has to issue so many new shares that the owners of the unlisted company end up with a controlling stake in the listed company.
a situation where a company acquires a company larger than itself and the acquired company gains control of the smaller company.
A reverse takeover (RTO), also known as a back door listing, or a reverse merger, is a financial transaction that results in a privately held company becoming a publicly held company without going the traditional route of filing a prospectus and undertaking an initial public offering (IPO). Rather, it is accomplished by the shareholders of the private company selling all of their shares in the private company to the public company in exchange for shares of the public company.