Reverse Morris Trust
Tax-free legal entity formed from the merger of a spin-off and target companies in the US / From Wikipedia, the free encyclopedia
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A Reverse Morris Trust in United States law is a transaction that combines a divisive reorganization (spin-off) with an acquisitive reorganization (statutory merger) to allow a tax-free transfer (in the guise of a merger) of a subsidiary.[1] It may be especially useful when one publicly-traded C-corporation wants to sell an asset of at least $1 billion to another publicly-traded C-corporation.