Lecture 12

Lecture 12 - I. Why Intl M&A is different? II....

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I. Why Int’l M&A is different? II. International JVs (joint ventures) III. Lawyering I. Why Int’l M&A is different? For the large part domestic and international deals are not that different. There are same issues, covenants about business, IP issues, and antitrust issues 80% the same • 20% different: ? .a• o tax and structuring issues ? .b• o you need an international tax expert (lawyer) you’re dealing with multiple tax jurisdictions assuming a US firm is acquiring a firm outside of US when you do int’l M&A you do it with several foreign subsidiaries John Kerry is trying to eliminate companies from going off shore High profit in low tax jurisdiction The Netherlands is a popular structure for companies to adopt since it is easier to do business there Multinational acquisitions: there is not a separate body of law that governs int’l corporate law/tax You are always dealing with local law. In Delaware it’s easy to set up a corporation
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This note was uploaded on 04/04/2012 for the course FIN 400 taught by Professor Kedia during the Spring '12 term at Rutgers.

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Lecture 12 - I. Why Intl M&A is different? II....

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