The target of a hostile takeover can incur numerous expenses in the defense process. To the maximum extent permissible, it naturally will seek to deduct these for tax purposes, but what are its prospects? The law in this area is still evolving and is not nearly as well settled as the rules that apply to expenses incurred in connection with friendly acquisitions.
April 18, 2002 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
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