Transaction Overview
- The double reverse Morris Trust structure is relevant for several scenarios:
- Two public companies with divisions, which have good strategic fit, but for which a sale from one to another would be tax inefficient or otherwise untenable
- Two public companies in a 50:50 joint venture seeking a tax-efficient exit for both parties and a fully distributed public market valuation
- A public company with a non-core subsidiary which does not have the scale to be a separate public company but when combined with a division of another company in the industry would be more formidable
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