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April 25, 2014
“Interest in inversions has significantly increased since Obama’s 2014 budget proposed stricter limits on inversions, beginning in January 2015. While it is not likely that the inversion rules will be amended by year-end, companies seeking to invert can take that risk off the table by closing a deal by Dec. 31st.”
- Linda Z. Swartz, Chair of the Tax group at Cadwalader, commenting in Bloomberg on the U.S. Treasury's fiscal year 2015 budget proposal's effect on the increased interest in inversion transactions.