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The original Morris Trust structure was the result of a favorable ruling by the United States Court of Appeals for the Fourth Circuit in 1966 in the case of Commissioner v. Mary Archer W. Morris Trust. [2] The original Morris Trust structure is similar to the above Reverse Morris Trust structure.
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The company was formed by Verizon in 2009 to facilitate the planned sale of some local subsidiaries to Frontier, which was completed on July 1, 2010. The company was set up to allow for a Reverse Morris Trust merger, allowing Verizon to spin off the company to Frontier tax-free. Its primary purpose was to transfer Frontier ILEC Holdings as well ...
Under the terms of the reverse Morris trust, ABC shareholders held a controlling stake in Citadel, who licensed the ABC name for two more years until it rebranded as Citadel Media Networks in 2009. On September 16, 2011, Cumulus Media purchased Citadel Broadcasting and rebranded the network division as Cumulus Media Networks.
Sirius XM Radio (NAS: SIRI) got a boost form a positive analyst note today. Barclays Capital analyst James Ratcliffe is feeling more upbeat about the only game in town when it comes to satellite ...
The deal, structured as a Reverse Morris Trust, would have allowed NCR to give a large chunk of the combined company t. NEW YORK (Reuters) -Cash management firm Brink's Co said on Wednesday that ...