/biz/ - Business & Finance

>>56494481
>>56494601
>Power Corporation of Canada and Power Financial Corporation (2020):
>Power Corporation of Canada (Power Corp.) and its subsidiary, Power Financial Corporation (Power Financial), underwent a significant reorganization.
>The reorganization was essentially a simplification of the corporate structure, where Power Corp. acquired all the shares of Power Financial that it didn't already own.
>To achieve this, a butterfly transaction was utilized, which allowed the assets and liabilities of Power Financial to be distributed between two resulting corporations without triggering immediate tax consequences.
>Following the announcement of the reorganization, there was a waiting period for the necessary shareholder and regulatory approvals.
>Once approvals were secured, the old shares of Power Financial were effectively cancelled, and shareholders received shares in Power Corp. There was a gap of several days between the approval, the cancellation of old shares, and the issuance of new shares.

Make sure you send this to your handlers so they can properly read it and come up with more bullshit for you to spew!

>>56372411
Nobody cares about Dougshit anon and nobody did this

>>56373142
Hmm pride, you mean like assuming you can cellar box and naked short multi-billion dollar industries to bankruptcy without any negative repercussions? I guess you're right, pride does come before the fall