3.1 Calculate and assess the range of possible values that Matla Green Solutions (MGS) could place on Phakama Energy Ltd, including the P/E ratios applicable to Phakama Energy Ltd, using the P/E valuation method and by using the share price information and the most recent financial period (2022) information provided in the scenario

3.2Write a report to the board of directors of Matla Green Solutions (MGS), where you evaluate the proposed acquisition of Phakama Energy Ltd.

You should use the figures you have calculated in your answers to parts (3.1) to support your recommendations/advice where relevant. If you have not been able to do the calculations for part (3.1), you should make, and state, appropriate assumptions.

Your report should include the following headings/sections: (a) Recommendations of a bid price (8 marks) Advise the board of Matla Green Solutions (MGS) as to how much it should offer for Phakama Energy Ltds shares. (b) Method of payment/funding the acquisition (5 marks) Evaluate and recommend appropriate methods to pay for or fund the acquisition of Phakama Energy Ltd. (c) Offer strategy and risks involved in making the bid (5 marks) Advise on a strategy for making the offer to Phakama Energy Ltd to minimise the likelihood of outright rejection by the Phakama Energy Ltd board, and discuss other risks involved in making the bid. (d) Strategic and financial advantages of the merger (6 marks) Discuss the strategic and financial advantages that might arise from the acquisition of Phakama Energy Ltd by Matla Green Solutions (MGS). Show all calculations.

3.3 Discuss how the board of Phakama Energy Ltd might implement four post-bid defences to fight a bid that we may make to the shareholders of Phakama Energy Ltd.