Alphabet, the recently formed holding company of Google, Inc., has officially surpassed Apple as the world’s most valuable corporation, a title Apple has held since 2012, as trading markets closed on Tuesday, February 2, 2016.1 It achieved this with a rather brief market capitalization of $528 billion, becoming the 12th company listed officially as the…
Author: Reed Homan
SENATE COMMITTEE SCRUTINIZES TAX EXEMPTIONS FOR PRIVATE MUSEUMS
The Senate Finance Committee has recently set its sights upon nearly a dozen private museums opened and operated by individual collectors located all over the United States. The committee has begun scrutinizing and putting to question whether the tax-exempt status the museums enjoy “provides sufficient public benefit to justify what amounts to a government subsidy.”1…
ANHEUSER-BUSCH AND SABMILLER APPROACH A MERGER DEAL
After weeks of tense negotiations and a very public standoff between the two companies, Anheuser-Busch InBev has finally managed to convince SABMiller PLC to accept their takeover bid of $104.2 billion dollars (approximately $68 per share), meaning they are poised to “dominate much of the world’s beer market.”1 Negotiations stretched over weeks between officers of…