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QUESTION
Target merges into Parent under state law. The FMV of the Target's stock is $1,000.
Target merges into Parent under state law. The FMV of the Target's stock is $1,000. Target's shareholders receive pro rata $1,000 FMV of Parent's nonvoting, nonparticipating, nonconvertible 8% cumulative preferred stock. Does this qualify as a type A reorganization?
