I think the guardrail you've put in place is that the purchasing corporation acquires de facto and de jure control of the purchased corporation, so that the value and the control is in the purchasing corporation.
Tax Advisor, Conference for Advanced Life Underwriting
I think the guardrail you've put in place is that the purchasing corporation acquires de facto and de jure control of the purchased corporation, so that the value and the control is in the purchasing corporation.
See context to find out what was said next.