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Deals of the week - December 12 2011

Type of Deal

Value

Acquirer

Target

Adviser to acquirer (tax)

Adviser to target (tax)

Acquisition

$2.87 billion

KGHM Polska Miedz S.A.

Quadra FNX Mining Ltd

Davies Ward Phillips & Vineberg - Ian Crosbie, Raj Juneja


Acquisition

$330 million

Affymetrix, Inc.

eBioscience Holding Company, Inc.

Davis Polk & Wardwell - Rachel D. Kleinberg, Una Au


Acquisition

$311 million

Mapletree Industrial Trust

JTC Corporation

Allen & Gledhill


Share purchase agreement

$308 million

Pola Orbis Holdings

Jurlique International

Mallesons Stephen Jaques

Simpson Thacher & Bartlett

Strategic Alliance

$200 million

J. C. Penney Company, Inc.

Martha Stewart Living Omnimedia, Inc.

Skadden - John Rayis

Paul, Weiss, Rifkind, Wharton & Garrison

Acquisition

$129 million

Asahi Group Holdings Ltd

Permanis Sdn Bhd

WongPartnership


Type of Deal

Value

Issuer/Borrower

Lead managers/arrangers

Adviser to issuer/borrower (tax)

Adviser to lead managers (tax)

Senior Notes Offering

$250 million

Verisk Analytics, Inc.

Merrill Lynch, Pierce, Fenner & Smith Incorporated, J.P. Morgan Securities LLC

Davis Polk & Wardwell - Harry Ballan, Juelle Gomes

Skadden, Arps, Slate, Meagher & Flom

more across site & bottom lb ros

More from across our site

The UN may be set to assume a global role in tax policy that would rival the OECD, while automakers lobby the US to change its tax rules on Chinese materials.
Companies including Valentino and EveryMatrix say the early adoption of EU public CbCR rules could boost transparency of local and foreign MNEs, despite the short notice.
ITR invites tax firms, in-house teams, and tax professionals to make submissions for the 2023 ITR Tax Awards in Asia-Pacific, Europe Middle East & Africa, and the Americas.
Tax authorities and customs are failing multinationals by creating uncertainty with contradictory assessment and guidance, say in-house tax directors.
The CJEU said the General Court erred in law when it ruled that both companies benefitted from Italian state aid.
An OECD report reveals multinationals have continued to shift profits to low-tax jurisdictions, reinforcing the case for strong multilateral action in response.
The UK government announced plans to increase taxes on oil and gas profits, while the Irish government considers its next move on tax reform.
War and COVID have highlighted companies’ unpreparedness to deal with sudden geo-political changes, say TP specialists.
A source who has seen the draft law said it brings clarity on intangibles and other areas of TP including tax planning.
Tax consultants say companies must not ignore financial transactions in their TP policies as authorities, particularly in the UK, become more demanding.