1. What is a step-up in the tax basis of a firm’s assets? How does a step-up generate cash flow for an acquirer? 2. What are some of a firm’s tax attributes? Why is an acquirer concerned with the...

1. What is a step-up in the tax basis of a firm’s assets? How does a step-up generate cash flow for an acquirer?

2. What are some of a firm’s tax attributes? Why is an acquirer concerned with the effect of an acquisition on a target firm’s tax attributes?

 3. With what organizational form or entity type are step-up acquisition structures common?