Problem
Why might a parent corporation make a Sec. 338 election after acquiring a target corporation's stock? When would such an election not be advisable? Additionally, provide an example to prove why a $338 election is advisable. Solid academic writing is expected, and any sources used should be cited. Participate in follow-up discussion by providing changing classmates facts to show why a $338 may not be advisable.
The response must include a reference list. Using one-inch margins, double-space, Times New Roman 12 pnt font and APA style of writing and citations.