Analysis: US investment bankers' new pitch: Biden's tax hike

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 41 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 66%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Investment bankers keen to win lucrative assignments have a new pitch for U.S. corporate owners: hire us to sell your company now or pay at least ...

Investment bankers keen to win lucrative assignments have a new pitch for U.S. corporate owners: hire us to sell your company now or pay at least twice as much in taxes if Democratic presidential candidate Joe Biden has his way.

"We urge all of our current and potential clients to take note of the potential forthcoming changes, along with their associated consequences, as they consider an exit strategy for their business in the near future," Houlihan Lokey Inc bankers wrote in a note earlier this month.The investment bankers' pitch is geared toward individuals and families, as well as private equity firms, who control companies and can decide when to sell them.

Now the Asplundh family is working with investment bankers to cash out on part of its stake, partly because of its concerns about upcoming changes in the tax system, one of the sources said. It is seeking a valuation for Asplundh of as much as US$10 billion, according to the sources. Asplundh did not respond to a request for comment.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Dalio Philanthropies gives US$25m grant for new programme to train policymakers, investment professionalsSINGAPORE: Wealth Management Institute (WMI), a non-profit educational and research institute, announced on Wednesday (Oct 21) that it will launch ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »