Article: Decision may thwart some transactions.

Byline: Ameet Sachdev

Sep. 29--Tribune Co.'s loss in U.S. Tax Court garnered widespread attention Wednesday among corporate tax specialists because of the big dollars involved and the legal decision's potential consequences on future merger activity.

Accountants and tax lawyers were still dissecting the 135-page opinion, which was issued late Tuesday. But based on their initial readings, some speculated that the ruling could have a chilling effect on certain types of tax-free transactions, though it should not slow down the overall pace of corporate dealmaking.

"At the margins there may be a few transactions that don't occur," said James Lynch, a tax attorney at ...

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