Liquid Air Corporation and Subsidiaries - Page 14

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          to the post-closing adjustment provision, is the best evidence of           
          the fair market value of petitioner's stock at the time of issue.           
          Accordingly, we hold that petitioner properly included the                  
          $3,081,584 in its cost basis.                                               


                                                  Decision will be entered            
                                             for petitioner.                          


































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