I don't understand all I know about legalized money laundering, AKA rolling a 401K.

Backstory ...

I have been contributing to a 401K and receiveing a company match in stock at 60% for a while now ... maybe 20 years.
My comapny is being bought and taken private.
As I understand it, if the buyout is approved by the shareholders, my stock will be cashed out at the approved price and I will be issued a check. (IMG:http://www.frrax.com/rrforum/style_emoticons/default/blink.gif)
Taxes will be withheld (IMG:http://www.frrax.com/rrforum/style_emoticons/default/mad.gif)

Help needed ...

If I roll it into another approved option within the specified time frame, I can recoup the taxes next return. I understand that.

But I want to avoid the tax thing altogether. I want to maintain that 28% of the fund in my retirement and continue it growing.

I need some coaching on doing this as I don't understand all I know about it and time to educate myself is running out. Making a mistake or misunderstanding a small detail could have big financial ramifications.