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BAD Compary's stock price is $25, and is has 8.0 millon shares outstanding. You beleve that fit you buy the company and replace its managenent,

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BAD Compary's stock price is $25, and is has 8.0 millon shares outstanding. You beleve that fit you buy the company and replace its managenent, its value witl increase by 40%. Assume frat BAD has a poison pili with a 20% triggec. If triggered; all larget shaceholders - other than the acquirer-will bo able to buy one new share in BAD for each share they oas at a 50 \% discourt, Assume that the price remains at 525 while you are acquiring your shares. It BAD's management decides to tesist your buyout attempt, and you cross the zo\%s theshold of ownership: a. How many new shares will be issued and at what price? b. What will happen to your percectage ownership of BAD? c. What will happen to the price of your thares of BAD? d. Do you lose or gain from trogering the poison pil? If you lose, where does the loss go (whio benefis)? if you gain, where does the gain come from (who loses)? a. How mary new shares will be issued and at what price? Number ol now shares lisued in (Round it the nearest integer.)

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