Coles — Lewis, Frances - Noon, Casdorph & Curry Funeral Home, St. Damron, Juanita — Noon, Akers-James Funeral Home, Logan.Doughty, Vernie — 2 p.m., Tyler Mountain Funeral Home & Memory Gardens, Cross Lanes.Staten, Sylvia — 1 p.m., Cooke Funeral Home, Cedar Grove.
Certain primary considerations relating to deal structure are: (i) transferability of liability, (ii) third party contractual consent requirements, (iii) stockholder approval, and (iv) tax consequences. Unless contractually negotiated to the contrary, upon the consummation of a stock sale, the target’s liabilities are transferred to the acquirer by operation of law.
Asset sales and stock purchases have immediate tax consequences for both parties.
However, certain mergers and/or reorganizations/recapitalizations can be structured such that at least a portion of the sale proceeds (in the form of acquirer’s stock a/k/a “boot”) can receive tax deferred treatment.
Harris, Tony — 7 p.m., Gatens-Harding Funeral Home Chapel, Poca.
Higginbotham, Roger "Rod" — 1 p.m., Cunningham - Parker - Johnson Funeral Home, Charleston.