julio 07 2020
On Point. – Target and Pro Forma Financial Statement Requirements for Significant Acquisitions
Author:
US reporting companies planning, or have completed, a significant acquisition of a business may be required to file separate target financial statements, as well as related pro forma financial statements under Rule 3-05 and Article 11 of Regulation S-X. The specific US Securities and Exchange Commission rules and financial reporting obligations triggered by a significant acquisition can be quite complex, requiring careful evaluation by an acquiring company. This note discusses the SEC’s financial reporting and disclosure requirements triggered by a company’s significant business acquisition.