what is behind inversions?

Discussion in 'Valeant Pharmaceuticals' started by Anonymous, Aug 7, 2014 at 9:45 AM.

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  1. Anonymous

    Anonymous Guest

    Spoiler alert: The short answer is, of course, lawyers.

    Raice explains that tax and M&A lawyers from Skadden, Arps, Slate, Meagher & Flom LLP, a giant New York firm, took a bike trip to Southern France in 2010, when merger activity — and hence legal fees — had fallen off. The lawyers were looking for ways to boost business. And they hit upon one.

    If you were all ready to lay blame at the feet of Wall Street investment bankers, give yourself partial credit. The Skadden, Arps lawyers came back from their bike tour and started pitching bankers at J.P Morgan Chase & Co, Deutsche Bank and Perella Weinberg Partners, Raice reports. And those banks started pitching the idea to clients in Europe.
    from The Wall Street Journa
     

  2. Anonymous

    Anonymous Guest

    or said another way .... inversions are behind us