Transforming Enterprises: Unlocking Value through Spin-Offs
An investment banker and two Baker attorneys explore the recent uptick in corporate spin-off transactions. What’s driving it? How does the market view spin-offs? How have companies involved in these transactions – both parent companies and spincos – performed post-spin? How have shareholders responded? How have regulators like the IRS and the SEC responded? What alternatives exist and how do companies weigh these against a spin?
During this live webinar, the panel will cover:
• What is driving M&A activity generally and divestitures such as spin-offs in particular? What market forces are at play? What is the role of activist investors?
• Are there regulatory (tax, SEC, etc.) incentives to undertake spin-off transactions, or do those rules instead pose a hindrance to transactions the marketplace desires?
• What is the profile of a company that can benefit from a spin-off?
• Do spin-offs create value?
• What variations are being pursued and when are these appropriate?
• What are the first steps a company can take to explore whether a spin-off or other type of divestiture would create value?
Educational Objectives:
• Become conversant about the primary market forces driving spin-offs.
• Gain an overview of the legal and tax issues that affect spin-off transactions.
• Understand the different alternatives to a spin-off, and why one might be better than another in particular situations..
Speakers:
Matthew Gemello is a corporate/M&A partner in Baker & McKenzie's Palo Alto office and a member of the management committee of the North America Corporate & Securities Practice Group. Mr. Gemello is also chair of the Firm's North America pro bono practice.
Kirsten Malm is a partner in the San Francisco office, advising US-based technology multinationals on federal income tax law in relation to domestic and cross-border transactions. Ms. Malm is a member of the North America Tax Practice Group’s Best Practices Committee and its Tax Planning and Transactions Steering Committee.
Jeff Marks is a Managing Director in J.P. Morgan’s Corporate Finance Advisory group, focusing on tax structuring and its corporate finance implications for M&A and capital markets transactions. In his 15 years at J.P. Morgan, Jeff has executed a variety of spin-offs and split-offs, buyside and sellside M&A transactions.
FREE!Kirsten Malm is a partner in the San Francisco office, advising US-based technology multinationals on federal income tax law in relation to domestic and cross-border transactions. Ms. Malm is a member of the North America Tax Practice Group’s Best Practices Committee and its Tax Planning and Transactions Steering Committee.
Jeff Marks is a Managing Director in J.P. Morgan’s Corporate Finance Advisory group, focusing on tax structuring and its corporate finance implications for M&A and capital markets transactions. In his 15 years at J.P. Morgan, Jeff has executed a variety of spin-offs and split-offs, buyside and sellside M&A transactions.
Total Credits: 1.00 unit
Online
August 3, 2016, 10:00 am - 11:30 am PDT
For further information see:
http://www.bna.com/transforming-enterprises-unlocking-m57982076392/?utm_campaign=CP_TWEB_LEGAL_Omnibus_070816&utm_medium=email&utm_source=Eloqua&elqTrackId=ef01d0ba245e4ac1b37737f073c661d0&elq=960ee37d5d904f99bdb7aab240342c01&elqaid=5639&elqat=1&elqCampaignId=3339Note: May require a promotion code
