Tax obligations on an ESOP distribution

June 21, 2006 3:48pm CST
-My company has been purchased and the esop will be terminated and a distribution made. -Can I roll the proceeds from the ESOP into another 401k (I have a 401k from another job at Fidelity Investments) without a tax penality? -What are the tax penalities If I withdraw and do not roll into a 401k?
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