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AbbVie Catches a Break in Termination Fee Tax Court Case

JD Supra: Mergers

could deduct the fee it paid to terminate its 2014 combination agreement with Shire plc. On June 17, the U.S. Tax Court ruled that AbbVie, Inc. This decision represents a significant win for AbbVie, and it represents a potential milestone in the longstanding puzzle of how to treat M&A break fees.

M&A 165
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Match.com's Divorce: Delaware Supreme Court Decides Standard of Review for Controlling Stockholder Transactions

JD Supra: Mergers

MFW) in 2014 (88 A.3d 2014)), it provided a pathway for business judgment review for "freeze-out" merger transactions involving controlling stockholders. The Situation: When the Delaware Supreme Court decided Kahn v. M&F Worldwide Corp. 3d 635 (Del.

M&A 188
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Healthcare & Life Sciences Private Equity Deal Tracker: Nautic Acquires Proud Moments From Audax

JD Supra: Mergers

Proud Moments, founded in 2014 and based in Brooklyn, New York, is a national provider of applied behavioral analysis (ABA) therapy to children and young adults with autism spectrum disorder. Nautic Partners has acquired Proud Moments ABA from Audax Private Equity, according to a news release. By: McGuireWoods LLP

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Reforms to the Mexican competition law – Cofece and IFT extinction

JD Supra: Mergers

Following the approval from the Senate last Saturday, June 28, the Chamber of Deputies approved on July 1, 2025 the bill proposed by Federal Executive to reform the current Mexican Antitrust Act (Federal Economic Competition Law) dated 2014, in line with the 2024 “organic simplification” constitutional reform.

Economics 159
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Healthcare & Life Sciences Private Equity Deal Tracker: Wellspring Acquires Summit Spine & Joint

JD Supra: Mergers

Summit, founded in 2014 and based in Lawrenceville, Georgia, is a provider of minimally invasive spine services in the southeastern United States. Wellspring Capital Management has acquired Summit Spine & Joint Centers, according to a news release. By: McGuireWoods LLP

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Ron Baron sees Tesla worth $5 trillion in 10 years, says Musk eyeing $30 trillion value one day

CNBC: Investing

The Baron Capital chair and CEO first invested $400 million in Tesla between 2014 and 2016, and he said the early bet has made him $6 billion so far.

Capital 145
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Controlling Stockholder Transactions That Do Not Involve a Freeze-Out Merger May Satisfy MFW to Obtain Business Judgment Review

JD Supra: Mergers

In Kahn v. M&F Worldwide, 88 A.3d 3d 635 (Del.

Mergers 165