The Supreme Court is sure to be asked to resolve the question of whether fees incurred in a hostile takeover should be given different tax treatment from those incurred in a friendly takeover
. The opportunity this presents the court to narrow (or widen) the Indopco precedent should affect IRS efforts to support capitalization of a wide variety of expenses.
Commissioner,(6) the Third Circuit, in affirming a Tax Court decision, held that a corporation must capitalize consulting fees, legal fees, and other expenses incurred in deciding whether to accept a friendly takeover
was acquired in a friendly takeover
by the largest publicly held company in Australia, Broken Hill Proprietary Ltd., we set up a number of activities for our directors which played an important role in ultimately gaining more than 98% of our shareholders approving the merger, approval by the Public Utility Commission (due to our gas utility subsidiary), and overwhelmingly positive response in the Hawaiian community.
that Zijin has received the second of three required regulatory approvals from the People's Republic of China for Zijin's proposed friendly takeover
bid of Nevsun.
26 July 2013 - Marco Tronchetti Provera, the chairman of Pirelli & C SpA (BIT:PC), and his bidding allies have been cleared to proceed with their friendly takeover
offer for Camfin SpA (BIT:CMF), the holding company for the Italian tyre manufacturing giant.
The European Commission will announce its decision on Ryanair's friendly takeover
bid on Aer Lingus, the other Irish airline in which it holds a 29.82% stake (see Europolitics 4585), on 27 February.
"With Macquarie trading below book value, and more importantly its likely realizable break-up value, a friendly takeover
bid could not be ruled out," said CLSA banking analyst Brian Johnson.
Commenting on the announced on Monday plans for a friendly takeover
of French peer Rhodia (EPA:RHA), the Dutch bank said the new entity will become a big player with good exposure to fast-growing markets, adding it, however, has other favourites in the sector.
stepped up its global expansion drive Friday with a deal to buy Bare Escentuals of the United States in a friendly takeover
worth 1.7 billion dollars.
LG said it plans to boost its plasma TV sales in emerging markets such as Asia, the Middle East and Central and South America by focusing on screen sizes of at least 50 inches.Australia has approved China's Zijin Mining Group's (HKG:2899) (SHA:601899) A$545 million friendly takeover
for Australia's Indophil Resources NL (ASX:IRN).
South Korea ended a losing streak in overseas resource deals with the C$1.8 billion ($1.7 billion) friendly takeover
of Canada's Harvest Energy Trust, securing oil and gas reserves as well as a refinery that Harvest could not afford to expand.