Big U.S. companies don't know how American tax laws will bechanged in the coming months, but they're not waiting to findout.

Comcast, 3M Co. and Wal-Mart Stores are among the companiesbuying back bonds now in transactions that could save them millionsof dollars if the latest proposed tax changes from the Trumpadministration and Congress end up becoming law. A wave ofthese deals happened after the election as Republicans talked abouttax changes being high on their priority list. More of thesetransactions are happening now as the lawmakers and the White Houserenew their focus on overhauling the rules.

“If you're a company and you don't do it, you'll regret it,”said Tim Doubek, a Minneapolis-based money manager at ColumbiaThreadneedle. “There's no downside to doing it.”

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