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DewDiligence

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DewDiligence

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Re: mouton29 post# 129007

Friday, 10/21/2011 6:21:47 PM

Friday, October 21, 2011 6:21:47 PM

Post# of 257262
Quiz answer: You’re on the right track but at the wrong station. The stumbling block for ABT’s pharma successor company to be acquired is not ownership, but rather time. If the successor company were acquired close in time to when the spinoff is implemented, the IRS could deem the spinoff a sham transaction intended to evade a capital-gains tax and punish ABT accordingly.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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