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Status of pending tax 'inversions' after U.S. crackdown

Oct 3 (Reuters) - New rules for "inversion" deals, in which

U.S. companies reincorporate abroad to cut their tax bills, were

imposed by the U.S. government on Sept. 22, raising questions

about a few transactions that were pending at the time.

The following is the status of these deals as of Friday:

AbbVie Inc (Xetra: 4AB.DE - news) . The drugmaker agreed to buy

Dublin-based rival Shire Plc (Xetra: S7E.DE - news) and adopt a UK tax

residency. The deal was expected to be completed this year. The

Wall Street Journal reported Sept. 29 that AbbVie sought to

reassure Shire employees the deal will proceed.

Applied Materials Inc (NasdaqGS: AMAT - news) . The chip maker agreed to buy

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smaller Japanese rival Tokyo Electron Ltd, with the

deal closing this year. The new entity, to be known as Eteris,

was expected to be incorporated in the Netherlands.

Auxilium Pharmaceuticals Inc (NasdaqGS: AUXL - news) . The drug maker agreed

to buy Canadian rival QLT Inc (NasdaqGS: QLTI - news) and redomicile to Canada.

Auxilium said on Sept. 22 a separate takeover bid from Endo

International was too low, but left the door open for

talks.

Burger King Worldwide Inc (NYSE: BKW - news) . The company has said it

is "moving forward as planned" to acquire Canadian coffee and

doughnut seller Tim Hortons Inc (NYSE: THI - news) and relocate the tax

home of the Whopper to Canada.

Chiquita Brands International Inc (NYSE: CQB - news) . The food group

agreed to combine with Ireland (Other OTC: IRLD - news) 's Fyffes Plc (Other OTC: FYFFF - news) . EU

regulators approved the tie-up on Friday. Juice maker Cutrale

and financial concern Safra Group have expressed interest in a

joint takeover of Chiquita. Fyffes agreed to raise Chiquita's

share of the merged company to block Cutrale-Safra.

Medtronic Inc (NYSE: MDT - news) . The medical technology firm is

working to close a deal with Ireland's Covidien Plc (NYSE: COV - news) by

the end of this year or early 2015. Medtronic said on Friday it

will proceed but will use $16 billion in debt rather than cash

held overseas as part of its financing.

Mylan Inc (NasdaqGS: MYL - news) . The generic drugmaker agreed to buy a

piece of Abbott Laboratories (Xetra: 850103 - news) ' non-U.S. business, with

the new company's tax domicile in the Netherlands. Mylan saw

unusual options activity on Thursday and the stock rallied after

rumors of a possible deal approach by Israeli drugmaker Teva

Pharmaceutical Industries.

Salix Pharmaceuticals Ltd (NasdaqGS: SLXP - news) . The drug maker on Friday

called off its planned inversion to Ireland via an acquisition

of the Irish arm of Italy's Cosmo Pharmaceuticals SpA,

citing a "changed political environment."

C&J Energy Services Inc (NYSE: CJES - news) . The oilfield company

agreed to redomicile to Bermuda via a deal with Nabors

Industries Ltd. Closing was expected by the end of 2014.

(Reporting by Kevin Drawbaugh, Soyoung Kim and Jeffrey Dastin;

Editing by Lisa Shumaker)