24 years on, the 1% break fee guideline set by the Takeovers Panel still remains standard practice. In this article, we discuss two recent court decisions and what circumstances may justify departure ...

Bloomfield, Conn.-based Cigna is poised to gain a $1.85 billion breakup fee after a U.S. District Court decided to block Anthem’s proposed $54 billion acquisition of Cigna, according to The New York ...

(Bloomberg) -- Netflix Inc.’s $72 billion acquisition of Warner Bros. Discovery Inc. includes one of the biggest breakup fees of all time — a $5.8 billion penalty that Netflix has agreed to pay its ...

A break fee in a merger-gone-south can be deducted as an ordinary expense, the U.S. Tax Court held today, finding for biopharmaceutical giant AbbVie and rejecting the IRS’s argument that AbbVie must ...

The Tax Court’s opinion provides U.S. businesses with greater certainty around tax treatment of major spending decisions, which will allow for better strategic planning of the kind of investments that ...

TOKYO/NEW YORK (Reuters) -Japanese suitors face a heightened chance of U.S. targets baking in hefty termination fees to protect against a deal collapsing due to regulatory or political reasons, ...