Cadwalader Represents Procter & Gamble on Tax Aspects of the Merger of its Specialty Beauty Business with Coty

Oct 03, 2016

Contact(s)

Kimberly Brooks
New York
+1 212 504 5652
kimberly.brooks@cwt.com
Mark Fellin
New York
+1 212 993 4600
mark.fellin@cwt.com

Cadwalader represented The Procter & Gamble Company on the tax aspects of the tax-free merger of its fine fragrance, color cosmetics, salon professional and hair color and styling businesses (Specialty Beauty Business) with Coty Inc. in a Reverse Morris Trust transaction.

The transaction was announced in July, 2015.

The Cadwalader team was led by Tax Group Chair Linda Swartz, who has served as tax counsel to P&G since 2005 on transactions including the tax-free transfer of its Duracell business to Berkshire Hathaway, the sale of its Pringles business to Kellogg Co., the tax-free distribution and immediate acquisition of its Folgers Coffee business by the J.M. Smucker Company, and the tax-free acquisition of The Gillette Company, and included partner Richard Nugent, special counsel Edward Wei and associate Matthew Watrous.

CadwaladerNews

CadwaladerSpotlight

June 27: SFIG Legal Counsel Forum 2018

Partners Scott Cammarn and Neil Weidner will be speaking at this event in New York City.

Cadwalader's research and intelligence platform provides analysis on changes in U.S. financial regulation. Subscribers receive a daily newsletter interpreting new laws, rules and enforcement actions that impact financial institutions.