Question
33. New Built wants to repurchase 20,000 shares at $21 a share through a tender offer. Shareholders responded by offering 26,500 shares at $21 a
33.
New Built wants to repurchase 20,000 shares at $21 a share through a tender offer. Shareholders responded by offering 26,500 shares at $21 a share. Assume you are a shareholder and offered your 300 shares as part of the shareholder response. How many of your shares should you expect New Built to purchase?
0 shares
300 shares
398 shares
226 shares
251 shares
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Intermediate Financial Theory
Authors: Jean-Pierre Danthine, John B. Donaldson
2nd Edition
0123693802, 978-0123693808
