October 03, 2016
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.
Patrick Quinn and Ruth Merisier discuss the legal profession, working at Cadwalader, and more.
As published in Lawdragon.