Salix calls off inversion deal amid U.S. government crackdown | Business Information & News | Westlaw

Salix calls off inversion deal amid U.S. government crackdown | Business Information & News | Westlaw

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10/3/14 REUTERS 18:08:00
REUTERS
Copyright © 2014 Thomson Reuters
October 3, 2014
Salix calls off inversion deal amid U.S. government crackdown
Soyoung Kim
Caroline Humer
NEW YORK (Reuters) - Salix Pharmaceuticals Ltd, citing a "changed political environment," said on Friday it had scrapped a deal with Italy's Cosmo Pharmaceuticals SpA that would have allowed it to shift its tax base from the United States to Europe....
---- Index References ----
Company: COSMO PHARMACEUTICALS SPA; ACTAVIS INC; ALLERGAN INC; INTERNATIONAL STRATEGY AND INVESTMENT INC; BURGER KING WORLDWIDE INC; ACOLOGY INC; VALEANT PHARMACEUTICALS INTERNATIONAL INC; CHIQUITA BRANDS INTERNATIONAL INC; C&J ENERGY SERVICES INC; SALIX PHARMACEUTICALS LTD; COVIDIEN PLC; MEDTRONIC INC
News Subject: (Corporate Events (1CR05); Business Management (1BU42); Mergers & Acquisitions (1ME39); Corporate Groups & Ownership (1XO09); Taxation (1TA10))
Industry: (Pharmaceuticals & Biotechnology Industry Highlights (1PH07); Pharmaceuticals & Biotechnology (1PH13); Accounting, Consulting & Legal Services (1AC73))
Region: (North Carolina (1NO26); USA (1US73); U.S. Southeast Region (1SO88); North America (1NO39); Americas (1AM92))
Language: EN
Other Indexing: (Lew; Carolyn Logan; Terry Haines)
Keywords: securities; ma (MCC:OEC); (N2:US); (N2:AMERS); (N2:USA); (MCCL:OEC)
Word Count: 497
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