This Month in M&A - August 2012

August 2012

This Month’s Features:

  • IRS makes significant changes in applying section 367(d) to outbound asset reorganizations (Notice 2012-39)
  • Monetizing spin-off in connection with reverse Morris Trust transaction (PLR 201228033)
  • IRS accepts crossing consideration representation outside of a spin-off transaction (PLR 201229002)
  • Section 338(h)(10) election available and section 197(f) anti-churning rules held not to apply to multi-step transaction (PLR 201228011)
  • Penny warrants treated as stock in spin-off (PLR 201223008)
  • Cooperative's patronage dividend deduction deferred under section 267(f) (CCA 201228035)

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Tim Lohnes
Partner, M&A Tax
Tel: +1 (202) 414 1686

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