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Business Definition for: autonomous

autonomous

one of 12 criteria that must be met to account for a business combination as a . Autonomous means that a combining company must not have been a subsidiary or division of any other corporation within two years prior to the initiation date of the business combination. If a combining company is not autonomous, then the purchase (ACCOUNTING) method must be used. The initiation date is the date that stockholders are notified in writing of an exchange offer.

initiation date

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