g. Assume that LL has 20 million shares outstanding. These shares are traded relatively infrequently, but the
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g. Assume that LL has 20 million shares outstanding. These shares are traded relatively infrequently, but the last trade (made several weeks ago) was at a price of $11 per share.
Should Hager’s make an offer for Lyons Lighting? If so, how much should it offer per share?
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Financial Management Theory And Practice
ISBN: 9781439078105
13th Edition
Authors: Eugene F. Brigham, Michael C. Ehrhardt
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