How does tax reform impact the M&A and transaction market?
The M&A market was fairly robust before tax reform, but two areas of the new legislation may increase M&A activity. Decreased tax rates will create more available cash inside of companies, and there will be a greater availability of cash currently in foreign subsidiaries coming back to the U.S.
While tax reform did not completely overhaul how M&A transactions are taxed, some details look very different and can have meaningful impacts to a deal, both good and bad. How should you approach deals moving forward?