Adolph Coors Co. transferred part of its assets to ACX Technologies Corporation in exchange for all of

Question:

Adolph Coors Co. transferred part of its assets to ACX Technologies in exchange for all of ACX’s stock. The transferred assets included its aluminum unit, which makes aluminum sheet; its paper packaging unit, which makes consumer-products packaging; and its ceramic unit, which makes high-technology ceramics used in computer boards and automotive parts. The ACX Technologies stock received for the assets was distributed to the Coors shareholders. What tax issues should the parties to the divisive reorganization consider?
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...