Updated Jul. 10, 2014 at 7:37 a.m.

Premium Lock Salix stock sags despite merger deal that boosts drug pipeline, lowers tax rate

Published: 2014-07-09 16:11:00
Updated: 2014-07-10 07:37:10

Salix Salix

If investors are fretting, it could be because Salix shareholders will be on the hook for taxes they weren't expecting to pay. The company notes in its securities filings that the conversion of Salix stock into Salix plc stock is considered a taxable event, meaning all Salix shareholders will owe taxes when the deal closes even if they don't sell their shares. Learn more about the deal....

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