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Called the writer to confirm that acquired company derives no third-party revenues from its research activities, which are all internal. Letter accurately reflects informal advice given.

Agree. Acquisitions of v/s of successor corporation pro rata to holdings inNewco is exempt under c(10). Note that this would produce a differentresult if target were a subsidiary of acquisition post...

Agree

Agree with the conclusions

Despite entering into the trust agreement, the [illegible] of beneficial ownership for these assets do not pass from C to B, therefore, no acquisition has taken place. Alternatively, even if it was...

None of the corp shareholders would be exempt under c(10) as they all slightly increased their percentage held over what they indirectly held in B Corp through their holdings in A Corp - M. Bruno / T...

Agree with the writer's conclusion. N. Ovuka agrees.