Tax free acquisition - A merger or consolidation in which 1) the acquirers tax basis on each asset whose ownership is transferred in the transaction is generally the same as the acquirees, and 2) each seller who receives only stock does not have to pay any tax on the gain he realizes until the shares are sold.
Tax free acquisition : a merger or consolidation in which 1) the acquirers tax basis on each asset whose ownership is transferred in the transaction is generally the same as the acquirees, and 2) each seller who receives only stock does not have to pay any tax on the gain he realizes until the shares are sold.
Tax free acquisition