The Revival of Excise Tax Gross-Ups?

Occidental’s proposed acquisition of Anadarko may kick off a new wave of consolidation in the oil & gas industry.

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This potential wave has generated questions about Change-in-Control (CIC) severance protections, amplified by the significant coverage of Anadarko’s last minute enhancements to its CIC severance programs (see article). The Anadarko enhancements included elevated severance benefits and the re-insertion of excise…