Inversion Targets Hammered By Treasury Rules Designed To Limit Overseas Takeovers
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.
Why Burger King's Claims That Its Tim Hortons Deal Isn't About Taxes Aren't Entirely True
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.