In a type B stock-for-stock reorganization, the acquirer must purchase an amount of voting stock that comprises at least 50% of the voting power of all of the target's voting stock outstanding.

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In a type B stock-for-stock reorganization, the acquirer must purchase an amount of voting stock that comprises at least 80% (not 50%) of the voting power of all of the target's voting stock outstanding. This is also known as the "80% continuity of interest" rule.

In a Type B Stock-For-Stock Reorganization, the Acquirer Must Purchase