Thursday, May 29, 2008 1:23:02 AM
Many are questioning why BCH would buy CBAY. There's actually a number of reasons.
1) Tax deferred Losses - If your know your accounting, tax deferred losses are very attractive to the buyer, BHC is a highly profitable company...therefore, they would use CBAY's tax deferred losses in order to lower their net income, therefore decreasing taxes payable. They may carry forward or back CBAY's losses
2)Current Assets - Cbay may still have some valuable current assets.
3) Lawsuits and Liabilities - BHC management can pursue their lawsuits and liabilities at a cheaper, more effective cost then CBAY. Adding more value to the company.
4) Personal property/Investment - BHC may be attracted to the companies properties available for personal/ company use.
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