Tough Corporate Tax Outlook Fueling ‘Inversion’ Deals

Mar 13, 2014

Two Cadwalader partners comment in Law360 about the recent uptick in cross-border merger and acquisition transactions that make use of the "inversion" deal structure: 

"Interest has picked up and I believe that closely tracks the increase in the number of inversions by merger transactions. Enough of these deals have been announced now that the market is comfortable that they don't have undue execution risk."

- Christopher T. Cox, co-chair of the firm's Corporate Group, who recently led a transaction that combined drug companies Élan and Perrigo into a new company domiciled in Ireland

 "Companies have been considering inversions by merger. As more of these deals have been announced, companies are becoming more focused on them and they are of more immediate interest."

- Linda Z. Swartz, chair of Cadwalader's Tax Group

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