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  • Sullivan & Cromwell has advised Royal Philips Electronics on its $1.7 billion agreed acquisition of Agilent Technologies Healthcare Solutions Group.
  • Davis Polk & Wardwell has advised Italian banking group Sanpaolo IMI SpA on its EUR1 billion ($860 million) offering of trust preferred securities outside the US.
  • Allen & Overy is advising the Australian service company, Mayne Nickless Limited, on its £190 million ($270 million) disposal of its UK and Irish courier and express freight businesses.
  • FedEx, the Memphis-based global transportation and logistics company, is bidding $1.2 billion in cash, stock and assumed debt to acquire the less-than-truckload commodities carrier, American Freightways.
  • Regus plc has issued notice of its successful flotation on the NASDAQ and London Stock Exchange, valued at £1.5 billion ($2.16 billion). The share price, which stood at £2.60 on the October 24 unconditional date of trading, now stands at £3.66 (figure correct at the time of publication).
  • New measures designed to maintain the Netherlands' position as a key location for investment activities include changes to tax ruling practice, and codification of the arm's-length principle. Eduard Sporken and Iwan Hoo of PricewaterhouseCoopers, Amsterdam report
  • A court decision overturning German regulations on the deduction of input tax from travel expenses could spell good news for businesses. By Stefan Lutz, Mazars Revision & Treuhandgesellschaft mbH, Frankfurt discusses the implications of the ruling
  • Argentina's government recently announced a new tax plan designed to stimulate economic growth in the country. The key provisions are as follows.
  • Substantial inward investment taking place in a sensible and efficient tax system makes Dubai Internet City a serious consideration for any company seeking a suitable location for its e-business hub. Robert Peake of Arthur Andersen, Dubai, explains why
  • Group tax director, Vodafone Group. Managing the tax function at one of the world's largest companies must, by any standards, be a tough job. But for Lynne Patmore, group tax director of Vodafone, a challenging environment is a sure recipe for job satisfaction