CASES Pepe Consolidating a Bargain Purchase Your client, Great Value Hardware Stores, has come to you for assistance in evaluating an opportunity to purchase a controlling interest in a hardware store in a neighboring city The store under consideration is a closely held family corporation. Owners of 60% of the shares are willing to sell you the 60% interest, 30,000 common stock shares in exchange for 7,500 of Great Value shares, which have a fair value of $40 each and a par value of $10 each. VI. 58-4022-b4ab-d805824ec 167/page/1503aabb-8303-4ccf-84a9e70f4803db36 TL Ilc 112 Pepe a CASES 114-15 Consolidating a Bargain Purchase Your client, Great Value Hardware Stores, has come to you for assistance in evaluating an opportunity to purchase a controlling interest in a hardware store in a neighboring city The store under consideration is a closely held family corporation. Owners of 60% of the shares are willing to sell you the 60% interest, 30,000 common stock shares in exchange for 7,500 of Great Value shares, which have a fair value of $40 each and a par value of $10 each TL........ T-6458-4d22-b4ab-d805824ec 167/page/1503aabb-8303-4ccf-81a9-e7084803db36 112 : --- Lt. CASES Pepe Consolidating a Bargain Purchase Your client, Great Value Hardware Stores, has come to you for assistance in evaluating an opportunity to purchase a controlling interest in a hardware store in a neighboring city The store under consideration is a closely held family corporation. Owners of 60% of the shares are willing to sell you the 60% interest, 30,000 common stock shares in exchange for 7,500 of Great Value shares, which have a fair value of $40 each and a par value of $10 each. VI. 58-4022-b4ab-d805824ec 167/page/1503aabb-8303-4ccf-84a9e70f4803db36 TL Ilc 112 Pepe a CASES 114-15 Consolidating a Bargain Purchase Your client, Great Value Hardware Stores, has come to you for assistance in evaluating an opportunity to purchase a controlling interest in a hardware store in a neighboring city The store under consideration is a closely held family corporation. Owners of 60% of the shares are willing to sell you the 60% interest, 30,000 common stock shares in exchange for 7,500 of Great Value shares, which have a fair value of $40 each and a par value of $10 each TL........ T-6458-4d22-b4ab-d805824ec 167/page/1503aabb-8303-4ccf-81a9-e7084803db36 112 : --- Lt