Miami Dade College Corporate Reorganizations ACME Real Estate Company Discussion

ACME Real Estate Company is a real estate management firm located in the Midwest. The company manages both residential and commercial real estate properties and has been looking to branch out into the south and western United States. It recently began negotiations to acquire Big Properties Inc., which owns 50 properties in the southern part of the country. Jim Galore is the majority owner of Big Properties Inc., and minority shareholders include three high-profile celebrities.

The minority shareholders of Big Properties want nothing to do with ACME Real Estate Company because they do not want to risk drawing attention to certain indiscretions on prior tax returns. The minority shareholders want to be bought out for cash, not with ACME Real Estate Company stock.

Considering the circumstances, briefly discuss what form of reorganization you would choose to bring these two companies together.