Katie Homes and Garden Co. has 14,000,000 shares outstanding. The stock is currently selling at $66 per share. If an unfriendly outside group acquired 20 percent of the shares, existing stockholders will be able to buy new shares at 25 percent below the currently existing stock price. A. How many shares must the unfriendly outside group acquire for the poison pill to go into effect? B. What will be the new purchase price for the existing stockholders?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Katie Homes and Garden Co. has 14,000,000 shares outstanding. The stock is currently selling at $66 per share. If an unfriendly outside ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Pasadena Candle Inc. budgeted production of 730,000 candles for the January. Wax is required to produce a candle. Assume 13 ounces of wax is required for each candle. The estimated January 1 wax inventory is 18,600 pounds.
Answers (1)
Calculate the payback period for the following investment: Invest ($10,000). Cash flows in Yr1: 1,000; Yr2: 3,000; Yr3: 3,000; Yr4: 3,000; Yr5: 100,000; Yr6: 250,000. Group of answer choices 6 years 4 years 5 years 3 years
Answers (1)
Rinker Audio Products has a fully-staffed purchasing department that procures various inputs. It also has various domestic manufacturing facilities that coordinate with the purchasing department.
Answers (1)
The reported unemployment is 5.5% of the population. What measurement scale is used to measure unemployment?
Answers (1)
A bussiness reports profits when ___ are greater than___. A - revenues, demand B - supply, demand C - expenses, revenues D-revenues, expeses E-expenes, supply
Answers (1)
New Questions in Business
Which of the following statements about materials is false? Select one: a. The use of direct materials gives rise to a debit to Work-in-Process Inventory. b. Acquisitions of materials are normally charged to the Purchases account. c.
Answers (1)
Hannah Roberts owns and operates Hannah's Pool Service Company. On January 1, Hannah Roberts, Capital had a balance of $309,170. During the year, Hannah invested an additional $22,040 and withdrew $39,010.
Answers (1)
Q: Lisa sells 10 bottles of homemade ketchup for $10 each. The cost of the ingredients, the bottles, and the labels was $70. In addition, it took her 2 hours to make the ketchup and to do so she took time off from a job that paid her $10 per hour.
Answers (1)
The following information was available to the accountant of Scarlet Co. when preparing the monthly bank reconciliation: Cash balance per bank statement $ 1,115 Cash balance per books (prior to reconciliation) 842 Outstanding check #643 642
Answers (1)
Your business plan is a
Answers (1)