The major advantages of using a triangular structure are limitations of the voting rights of acquiring shareholders and that the acquirer gains control of the target through a subsidiary without being directly responsible for the target's known and unknown liabilities.

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Triangular structures involve the acquisition of a subsidiary that then acquires the target company, which limits the voting rights of the acquiring shareholders and shields the acquirer from direct responsibility for the target's liabilities.

The Major Advantages of Using a Triangular Structure Are Limitations