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BAD Company/s stock price is $35, and it has 4.0 milion shares outstanding. You believe you can increase the company's value if you buy it

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BAD Company/s stock price is $35, and it has 4.0 milion shares outstanding. You believe you can increase the company's value if you buy it and replace the management. Assume that BAD has a poison pilf with a 25% trigger. If triggered, all target shareholders - othor than the acouirer-iwil bo able to buy one new share in BAD for each share they own at a 75% discount. Assume that the price remains at $35 while you are acquiring your shares, If BAD's management decides to resist your buyout attempt, and you cross the 25% threshold of ownership: a. How many new shares will be issued and at what price? b. What will happen to your percentago ownership of BAD? c. What will happen to the price of your shares of BAD? d. Do you lose or gain from triggering the poison pilt? If you lose, where does tho loss go (who benefiss)? If you gain, where does the gain corne from (who lases)

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