Tough new U.S.
government rules on corporate "inversion" deals, aimed at making
the tax-avoidance transactions less desirable, undermined share
prices in nearly a dozen companies on both sides of the Atlantic
Analysts and tax lawyers were studying the damage to deals
currently in the works and the outlook for future such deals, in
which U.S. companies escape high taxes at home by shifting their
Although the new rules will make some deals costlier and
others more difficult, fast-food chain Burger King Worldwide Inc
said it will proceed with its $11.5 billion transaction
with Canada's Tim Hortons Inc.
"This deal has always been driven by long-term growth and
not by tax benefits," the two companies said in a statement.
Sept 23 (Reuters) - Singapore's sovereign wealth fund, GIC
, is in talks to buy the British roadside rescue
business RAC Ltd from U.S. private equity firm Carlyle Group LP
for over 2 billion pounds ($3.28 billion), Sky News
reported, citing a person familiar with the talks.
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