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Citrix & LogMeIn complete complicated, tax-free sort-of merger

Discussion in 'Network World' started by RSS, Jul 27, 2016.

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    LogMeIn, the makers of the popular remote desktop software as well as IT security and conferencing offerings, will become part of a Citrix subsidiary in the wake of a complicated, $1.8 billion transaction announced Tuesday by the two companies.

    The transaction is what’s called a Reverse Morris Trust, which apparently allows the untaxed transfer of a subsidiary to new ownership by spinning off a new company and completing a merger. In this case, Citrix has created a wholly-owned subsidiary called GetGo, which owns its GoToMeeting products.

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