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December 20, 2019 at 11:40 am
What is the meaning of after “personal” tax value of the offer?
John Moffat says
December 20, 2019 at 2:39 pm
Personal tax is the income tax and/or capital gains tax that individual shareholders may have to pay on the amount they receive as a result of the takeover.
You cannot be asked any calculations regarding personal tax, but it obviously can be relevant in any discussion.
July 22, 2019 at 7:21 am
When tax losses are carried forward against future profits, then the more profit they make the sooner they can get relief for the losses. Making the company bigger by buying another company is one way of increasing future profits.
A cash mountain is simply having a very large amount of cash in the company. One thing they might do with the cash is use it to buy other companies.
July 22, 2019 at 11:14 am
thank you so much
July 22, 2019 at 3:12 pm
You are welcome 🙂
July 22, 2019 at 5:51 am
Wonderful lecture! Although two things aren’t really explained and I would appreciate some clarification:
-How exactly do mergers/acquisitions ensure tax losses to be exploited sooner? -What exactly is a “cash mountain”
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