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a) You are a member of High Stakes Investment Ltd (HSIL) board. HSIL is selling Property Management Ltd (PML), a failing subsidiary. The investment banker

a) You are a member of High Stakes Investment Ltd (HSIL) board. HSIL is selling Property Management Ltd (PML), a failing subsidiary. The investment banker in charge of the sale of PML presented unacceptable options to the board. Given your knowledge, you suggested to the board that the investment banker use a merger/acquisition provision to improve the offer. What is the name of the provision, and how does it work? (2 Marks)

b) What is the rationale for the board to suggest this provision?

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