Multiple Choice
TNT, Inc. is considering making a tender offer for Blasting Caps Corp. (BCC) , one of their primary suppliers. The equity section of BCC's balance sheet totals $4.95 million, and BCC stock is currently selling 20% above book value. TNT is planning to offer a 15% premium to make the offer attractive. If BCC has 200,000 shares outstanding, calculate the per share price of the tender offer.
A) $24.75
B) $29.70
C) $54.45
D) $34.16
Correct Answer:
Verified
Correct Answer:
Verified
Q144: An LBO is a takeover but not
Q145: A group of companies that acts like
Q146: The type of business combination in which
Q147: Ajax Corp recently entered bankruptcy proceedings during
Q148: Which of the following is true of
Q150: Activist investors:<br>A)Seek the support of other stockholder
Q151: Synergies are very good reasons for mergers.
Q152: The category of business combination where the
Q153: Acquiring firms rarely pay more than a
Q154: Which of the following justifications for mergers