America has lost the right to call a lot of iconic companies its own over the past several years.
Whether through overseas acquisitions or inversion deals, in which a U.S. company reincorporates overseas following the purchase of a foreign company, names many people grew up with have flown the coop. But that could be changing.
Last week Pfizer agreed to terminate its $160 billion acquisition of Botox maker Allergan one day after the U.S. Treasury unveiled new rules meant to curtail inversions. (The rules prevent stock accumulated through a foreign company's U.S. deals in the last three years to count toward the book value needed to meet the inversion threshold, according to Reuters.) And those changes may impact other pending inversion deals, such as Johnson Controls' $16.5 billion merger with Ireland's Tyco International and IHS's $13 billion takeover of London's Markit.
When it comes to corporate expatriates, the cost isn't in jobs so much as it is lost tax revenue. But there's also a loss of business bragging rights for the United States. Here are 10 major companies that have moved their headquarters offshore.
— By Chris Morris, special to CNBC.com
Posted on 21 April 2016