Bootstrap Acquisition

Bootstrap Acquisition means:
any of several forms of buyout in which a buyer finances an acquisition in part with the target corporation's excess cash or liquid assets. For example, there may be a sale and seller redemption whereby some of the seller's shares are sold to the purchaser and the remainder are redeemed by the corporation. Former Revenue Ruling (check if this Rev. Rul. interpretation is current) 69-608, 1969-2 C.B. 42.