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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.