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Accumulate Yahoo! (YHOO) on IRS Headline Weakness, Nomura Says
May 20, 2015 9:06 AM EDTNomura Securities analyst Anthony DiClemente maintained a Buy rating on Yahoo! (NASDAQ: YHOO) but trimmed his price target to $52.00 (from $54.00) on news the IRS may revisit regulations around tax-free spinoffs, which could jeopardize the tax-free nature of the planned spinoff of Yahoos... More
Yahoo! (YHOO) Affirms Alibaba (BABA), Yahoo Small Business Spin-off Plans Amid IRS Rule Change Chatter
May 20, 2015 6:43 AM EDTYahoo! (NASDAQ: YHOO) issued the following statement early Wednesday:
An IRS representative stated Tuesday that the IRS plans to study its rules for issuing private letter rulings regarding the active trade or business requirement in spin-off transactions and will hold off processing new... More
