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AMC Corporation currently has an enterprise value (EV) of $ 360 million and $ 125 million in excess cash. The firm has 20 million shares
AMC Corporation currently has an enterprise value (EV) of $ 360 million and $ 125 million in excess cash. The firm has 20 million shares outstanding and no debt. Suppose AMC uses its excess cash to repurchase shares. After the share repurchase, news will come out that will change AMC's enterprise value to either $ 560 million or $160 million. What is AMC's share price prior to the share repurchase?
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