Question
Suppose that Disney spun off all the assets of ABC Radio and that, following the spin-off, Citadel merged with the spun-off entity in a pure
Suppose that Disney spun off all the assets of ABC Radio and that, following the spin-off, Citadel merged with the spun-off entity in a pure stock for stock swap (368 "B" reorganization). Assume that Disney did not extract any cash from ABC Radio prior to the spin-off. What fraction of the combined ABC-Citadel entity would Disney shareholders own upon completion of the deal?
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In a pure stockforstock swap 368 B reorganization where Disney receives only shares of Citadel in ex...
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Federal Taxation 2016 Comprehensive
Authors: Thomas R. Pope, Timothy J. Rupert, Kenneth E. Anderson
29th Edition
134104374, 978-0134104379
