This white paper provides an overview of the tax law that governs the use of the destination network (PEN) and other tax attributes shopper holding losses. Each transaction requires the acquirer to measure the impact of the limitations under the tax laws on the use of the tax losses of the target. Because of these limitations affect the value of the tax losses affect the price the buyer is willing to pay for the loss of the company and ultimately the optimal deal structure.
Mary Margaret Frank,
Jonathan M. Law
Source: Darden School of Business
Release: Aug 29, 2007. Prod #: UV0880-PDF-ENG
The value of the NOLs case solution