reverse takeover

(redirected from Reverse listing)
Also found in: Financial.

reverse takeover

n.
A takeover of a larger company by a smaller company, especially one involving a scheme to convert a private company into a public one or to relocate a company to another jurisdiction that results in the owners of the acquired company having a controlling interest in the merged company. Also called reverse acquisition, reverse merger.

reverse takeover

n
(Commerce) finance the purchase of a larger company by a smaller company, esp of a public company by a private company
References in periodicals archive ?
The strategic agreement was declared by CloudCentral's founder and chief executive officer, Kristoffer Sheather, ahead of his firm's reverse listing on the ASX in June.
Diversified financial services group, Prescient Holdings, recently listed on the Johannesburg Stock Exchange (JSE) via a reverse listing into the PBT Group.
The increase largely arose from the German re-financing of some 14 vessels, as described in the Information Memorandum dated 8 March issued in connection with the reverse listing.
While the appeals court decision isn't expected for 18 to 24 months, the two NMFS efforts should wrap up by next fall and affirm or reverse listing decisions, said Brian Gorman, a spokesman for the agency in Seattle.
At first, Oryx Diamonds, the latest gem miner to venture into the war-torn Republic of Congo (DRC), was determined to press ahead with its reverse listing on the London Stock Exchange.
However, going public through a reverse listing or by filing the appropriate documents with the Securities and Exchange Commission can be a highly complex procedure.
The discussion with P&O on a reverse listing (a) of P&O Nedlloyd, the world's second largest container carrier by capacity thus obtaining free access to the capital market, has stepped up in the past month.