Why might a parent corporation make a Sec. 338 election after acquiring a target corporations stock? When

Question:

Why might a parent make a Sec. 338 election after acquiring a target corporation’s stock? When would such an election not be advisable?
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...