Extract to table
Pull the structured facts out of a document: parties, dates, amounts, obligations.
Extract to table / kickoff-call-summary-memo.docx
kickoff-call-summary-memo.docx
Parties
HARKNESS LLP
Harrowgate Capital Advisors LLC
Gage LLP
Thornapple McCord LLP
Pemberton Rathbone LLP
Distributing Corp
Capital Partners IV GP LLC
Greystone Partners Fund III LP
Dates
April 18, 2022
April 12, 2022
September 20, 2019
March 14, 2019
June 7, 2019
February 12, 2003
April 25, 2022
Amounts
$6.8
$40.00
$1,859,520,000
$1.24
$620
$1.52
$285
$820
$133
$2.34
Obligations
In addition, the trade or business must not have been acquired within such five-year period in a transaction in which gain or loss was recognized in whole or in part
Both the Engineered Coatings Division (which will remain with Veldran post-spin) and the Precision Flow Solutions Division (which will be contributed to Meridian) must independently satisfy the five-year ATB test
Section 355(e) provides that if a distribution otherwise qualifying under Section 355 is part of a "plan (or series of related transactions)" pursuant to which one or more persons acquire, directly or indirectly, stock representing a 50-percent-or-greater interest in the distributing corporation or the controlled corporation, then the distributing corporation must recognize gain on the distribution as if the distributed stock had been sold at fair market value