Wilmington associate Kaitlin McKenzie-Fiumara authored, “Unclaimed Property Considerations in M&A Transactions” for the August edition of IPT Insider, the monthly newsletter of the Institute for Professionals in Taxation. For some companies, mergers and acquisitions are a routine practice as an avenue to grow and expand the business, and potentially increase profitability. However, unclaimed property considerations have the potential to create a sizeable liability for the acquiring company and should be more thoroughly vetted than is the case in the typical due diligence process. The article examines what these unclaimed property considerations may be, and how a company can proactively address potential issues.

Source: IPT Insider