Cerner Corporation announced a first-come, first-serve stock repurchase offer to its shareholders the company agreed to repurchase 2,653,780 shares of its common stock in exchange for total consideration of $173,434,000. Cerner had 329,641,500 total shares outstanding before the redemption.

You acquired 16,482,075 shares of Cerner's stock two years ago for $20/share. You were the only shareholder to participate in the repurchase offer and Cerner agreed to redeem the total number of shares directly from you.

1.Would a redemption of 2,653,780 of your shares qualify for exchange treatment under the substantially disproportionate with respect to the shareholder rules?

Yes or no?