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Stocking up on loopholes
Newsweek; Livingston; May 15, 1995; Sloan, Allan;

Volume: 125
Issue: 20
UMI Publication No.: 02350863
Start Page: 66
Document Type: Commentary
Source Type: PERIODICAL
ISSN: 00289604
Subject Terms: Taxation
Securities buybacks
Companies: Seagram Co Ltd
E I DuPont De Nemours & Co
UMI Journal Code: GNEW
Abstract:
Sloan comments on Du Pont's effort to make about a billion dollars by employing tax loopholes in a deal with Seagram Co. The deal involves Du Pont's repurchase of 156 million of its own shares from Seagram, Du Pont's biggest shareholder.