SLOVAKIA Law and Practice Contributed by: Lukáš Michálik, Peter Makýš and Šimon Hora Ments s.r.o.
Poland
Czech Republic
Slovakia
Bratislava
Hungary
Contents 1. Market Trends p.327 1.1 Technology M&A Market p.327 1.2 Key Trends p.327 2. Establishing a New Company, Early-Stage Financing and Venture Capital Financing of a New Technology Company p.328 2.1 Establishing a New Company p.328 2.2 Type of Entity p.329 2.3 Early-Stage Financing p.329 2.4 Venture Capital p.330 2.5 Venture Capital Documentation p.330 2.6 Change of Corporate Form or Migration p.330 3. Initial Public Offering (IPO) as a Liquidity Event p.331 3.1 IPO v Sale p.331 3.2 Choice of Listing p.331 3.3 Impact of the Choice of Listing on Future M&A Transactions p.332 4. Sale as a Liquidity Event (Sale of a Privately Held Venture Capital- Financed Company) p.332 4.1 Liquidity Event: Sale Process p.332 5.1 Trends: Spin-Offs p.333 5.2 Tax Consequences p.333 5.3 Spin-Off Followed by a Business Combination p.334 5.4 Timing and Tax Authority Ruling p.334 6. Acquisitions of Public (Exchange-Listed) Technology Companies p.334 6.1 Stakebuilding p.334 6.2 Mandatory Offer p.335 6.3 Transaction Structures p.335 6.4 Consideration and Minimum Price p.335 6.5 Common Conditions for a Takeover Offer/Tender Offer p.336 6.6 Deal Documentation p.336 4.2 Liquidity Event: Transaction Structure p.332 4.3 Liquidity Event: Form of Consideration p.332 4.4 Liquidity Event: Certain Transaction Terms p.333 5. Spin-Offs p.333
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