1.Under what general circumstances is a tax-free acquisition structure preferable? Consider specifically the tax attributes and tax status of the target corporation and the target’s shareholders. Also...

1.Under what general circumstances is a tax-free acquisition structure preferable? Consider specifically the tax attributes and tax status of the target corporation and the target’s shareholders. Also consider the tax preferences and nontax circumstances of the acquiring corporation.

2. Under what general circumstances is a taxable acquisition structure preferable? Consider specifically the tax attributes and tax status of the target corporation and the target’s shareholders. Also consider the tax preferences and nontax circumstances of the acquiring corporation.