Xian Corporation and Win Corporation Would Like to Combine into One

question 23

Multiple Choice

Xian Corporation and Win Corporation would like to combine into one entity. Xian exchanges 40% of its common and preferred stock plus $200,000 cash for 60% of Win's assets and liabilities. Win distributes the Xian stock, cash, unwanted assets, and liabilities to its shareholders in exchange for their outstanding stock. Win then liquidates.

• A) This restructuring will qualify as a "Type A" statutory merger.
• B) This restructuring will qualify as a "Type B" reorganization.
• C) This restructuring will qualify as a "Type C" reorganization.
• D) This restructuring will qualify as an acquisitive "Type D" reorganization.
• E) This does not qualify as a reorganization under § 368.

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Definitions:

Channel

A medium through which a message is transmitted from sender to receiver, such as email, telephone, or face-to-face communication.

Written, Printed Communication

The exchange of information or messages through texts that are inscribed on a physical medium like paper.

Immediate Interaction

Direct and real-time communication or engagement between individuals or entities.

Written Medium

A form of communication that involves the expression of thoughts, ideas, or information through the written word, including books, articles, emails, and social media posts.