Where circumstances are such that it is not desirable for all of the Target company to be included in the buyout, it is possible to either undertake some corporate restructuring or simply do an 'assets' sale for the assets to be bought out.
In a large group of companies a pre-sale reorganisation should not prove too difficult to achieve, as assets could be transferred out of Target to another group company on a tax neutral basis under the various group reliefs see Division D2.3.
However,
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