Feds Kill Merger Dead

AbbVie-Shire merger is officially dead.

Big inversion deal killed by a letter from the treasury department. The issue here is, how smart is it to get in a fight with someone who buys lawyers the way cops by doughnuts? Or some other more appropriate simile. (This was a difficult simile because I couldn’t think of anything as prevalent as government lawyers.) The answer is not very. The point is that even if you’re in the right and have a solid case, it doesn’t cost the fed real money to fight it out in court, but it costs you out the nose big time.  You’ll be bankrupt before the fed gives up. Hope you never get in the position where you have to choose between what’s right and survival.

http://www.businessinsider.com/abbvie-shire-scrap-merger-plans-2014-10

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.