Benefits Issues in Mergers and Acquisitions

We help clients who are involved in buying or selling a business address the treatment of their employee benefit plans. In some transactions, the buyer assumes the seller’s plans, while in other transactions the buyer wants to implement its own benefit programs.  Important benefit issues in mergers and acquisitions include the treatment of qualified retirement plans and responsibility for providing continued medical coverage under COBRA.

In connection with the recent sale of a continuing care retirement community, we helped the seller address issues relating to the withdrawal of the seller from participation in a union-sponsored multiemployer pension plan and the distribution of benefits to terminated employees from the seller’s Section 403(b) plan.

For additional information, contact John J. Jacobson (860) 240-1006, jjacobson@reidandriege.com, John V. Galiette (860) 240-1009, jgaliette@reidandriege.com, or Ron Koniuta (860) 240-1034, rkoniuta@reidandriege.com.