Legal Counsel is Critical During a Company Spin Off Transaction

As companies vie to remain profitable and increase shareholder revenue, some may strategically decide to spin off business lines that can be viable, standalone companies. Last year, spinoff transactions happened at notable companies such as Kraft Foods, Sara Lee, Tyco International, McGraw-Hill, and Abbott Laboratories. The Washington Post called 2011 the "Year of the Oops" as companies decided to "?sever business lines into separate companies underscored [by] new thinking about strategy." Many

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