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Baxter International, Inc. (BAX) Has No Plans For Inversion With Spinoff


7/18/2014 8:44:38 AM

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While its peers in the northern suburbs and around the pharmaceutical industry have been lining up foreign mergers to help sidestep U.S. taxes, Baxter International said Thursday it has no plans to jump on the bandwagon. The Deerfield-based health care products company said it won't move its bioscience unit's corporate address to a country with a lower tax rate after the division is spun off.

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