In a "type C" sotck for assets acquisition the purchasing corporation acquires substantially all of the target corporations assets soleyly in exchange for the purchaser voting stock followed by the liquidation of target. True or false?

In a "type C" sotck for assets acquisition the purchasing corporation acquires substantially all of the target corporations assets soleyly in exchange for the purchaser voting stock followed by the liquidation of target. True or false?

SWFT Corp Partner Estates Trusts

42nd Edition

ISBN:9780357161548

Author:Raabe

Publisher:Raabe

Chapter7: Corporations: Reorganizations

Section: Chapter Questions

Problem 10DQ

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Question

In a "type C" sotck for assets acquisition the purchasing corporation acquires
substantially all of the target corporations assets soleyly in exchange for the
purchaser voting stock followed by the liquidation of target. True or false?

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