2006 Ruling 2006-0178571R3 - Purchase of Target and Bump -- summary under Paragraph 88(1)(d)

Bump ruling provided respecting transactions which apparently involved the transfer of assets on a rollover basis by the target (Mergeco), with the cost of the partnership units being bumped after the acquisition of Mergeco by Bidco, with the proviso that the ruling did not apply if the bumped LP units were disposed of to an exempt person or a mutual fund trust.