P is a publicly traded building products company. P has 1
million shares of voting common stock outstanding worth $1 million.
P wants to acquire T, a closely-held corporation that manufactures
nails. T has 100 shares of voting common stock outstanding held by
five shareholders, each of whom owns 20 shares.

T’s assets and liabilities are, as follows:

Asset                                
AB                  
FV

Cash                              
1,000              
1,000

Inventory                       
1,000              
4,000

Equipment                     
1,600              
1,600

Goodwill                              
0              
   400

Liabilities                       
1,000              
1,000

P acquires all the T stock in a reverse triangular merger in
which Y, a transitory subsidiary of P, merges in to T, In the
merger, two shareholders of T each receive $1,200 cash and the
other three each receive $1,200 of P preferred stock. T then
liquidates into P. What type of reorganization, if any, is involved
and why?