Marion reconsidering a move to Puerto Rico?
Executive Summary
While emphasizing that the firm will not make any commitments until the picture on Sec. 936 clears, Marion Exec VP Michael Herman acknowledged that "Puerto Rico certainly is a viable alternative." Herman said the company won't need additional manufacturing capacity for "24 months or so, and hopefully before then the issue will be decided by the Treasury." Herman added that the recent tax simplification proposal from Treasury, in its present form, could add up to $7 mil. to Marion's bottom line if R&D credits remain