id	author	title	date	pages	extension	mime	words	sentence	flesch	summary	cache	txt
ftr-463	Miller, David S.	The Devolution and Inevitable Extinction of the Continuity of Interest Doctrine	2022	71	.pdf	application/pdf	34188	1508	48	In addition, since target shareholders bore the risk of market fluctuations in the value of the acquiror stock, the transaction was economically dissimilar from a direct sale of target stock for a cash equivalent. Instead, courts permitted stepped-up bases by applying the common law principle of substance over form to disregard the transitory ownership of target stock and treat the stock purchase and liquidation as a single asset purchase by the acquiror under an integrated transaction doctrine.	cache/ftr-463.pdf	txt/ftr-463.txt