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The Wall Street Journal: Johnson Controls, Tyco to merge in tax inversion deal
2016-01-25 14:16:42| Automakers - Topix.net
Johnson Controls Inc. and Tyco International PLC agreed to merge, the companies said Monday, in a deal that will place the combined company's headquarters in Ireland. Under the terms of the agreement, Johnson Controls will own about 56% of the merged company.
Shareholders OK Mylan's inversion deal with Abbott
2015-01-29 20:51:09| Biotech - Topix.net
Mylan Inc. shareholders voted Thursday to approve the company's pending acquisition of Abbott's non-U.S. developed markets specialty and branded generic business and reorganization in the Netherlands. Announced in July, the $5.3 billion all-stock transaction gives Abbott a 22 percent stake in Mylan and will move its generic business to a new company that will be headquartered in the tax-friendly Netherlands and called New Mylan.
Tags: deal
shareholders
abbott
inversion
Shares Of 'inversion' Candidates Slide On U.S. Tax Rule
2014-09-24 08:15:43| Biotech - Topix.net
The U.S. Treasury's move to curb deals that allow U.S. companies to escape high taxes at home wiped a combined $12.3 billion off the shares of nearly a dozen companies on both sides of the Atlantic on Tuesday, as investors reacted to the surprisingly far-reaching action. But it was unclear whether the tougher stance adopted by the Obama administration on "inversion" deals that allow companies to escape high U.S. taxes by reincorporating abroad, which followed a wave of public criticism, would end any of the handful of deals currently in the works.
New rules not likely to stop Chiquita inversion, expert says
2014-09-24 06:29:04| Agriculture - Topix.net
In this Aug. 15, 2007 file photo, Graham and Lola East shop for Chiquita bananas at a produce stand at the Farmers Market in Los Angeles. Tougher new Treasury Department rules meant to deter companies from moving offshore for lower taxes aren't likely to derail Charlotte-based Chiquita Brands International's plans to move its headquarters to Ireland, a tax expert said Tuesday.
Some believe new federal tax inversion rules could hurt Chiquita-Fyffes deal
2014-09-23 23:44:12| Food - Topix.net
Will the new U.S. Treasury rules catch the Chiquita-Fyffes deal in their net as they work to crack down on tax inversion? This afternoon, a definitive answer to that question was hard to find.