1. Alec, who is 77 years old, owns 20 percent of Candace Cos stock, which is highly appreciated. Alec does not want to sell. The remaining 80 percent of Candace Cos Stock is publicly held. Barbara wants to acquire at least 80 percent of Candace Cos stock for cash but knows it cannot get that much stock in a tender offer. How can Alec and Barbara use 351 to cash out the public and satisfy Alecs desires? From a tax standpoint, whats the probable reason that Alec would not want to sell?