While no deals have been called off, announced and potential targets for deals in the pharmaceutical and health care industries saw their shares fall today, one day after the Treasury Department announced new rules to discourage such so-called inversions.
Daniel Schwartz, Burger King’s CEO, repeatedly said that tax savings from the deal were minimal and not a driver of the deal. But while that may be true today, the more the company grows overseas, the better deal it gets from being Canadian.
The King is moving north. Burger King insists in the face of consumer ire that it isn’t a tax avoidance deal.
The combined company would be the third-largest fast-food chain in the world.
You’re not living if you’re living without poutine and Nanaimo bars.
“My boss has told me to cook food off the floor.” All confessions courtesy of Whisper.
Thank You, Canada