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e Project (ove Cour erviewin 875/pages/course- mario erview: Advanc X + em_id=11854603 pany is contemplating a tender offer to acquire 80% of Moon Corporation's

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e Project (ove Cour erviewin 875/pages/course- mario erview: Advanc X + em_id=11854603 pany is contemplating a tender offer to acquire 80% of Moon Corporation's common stock. Moon's shares w York Stock Exchange at $25 per share. In order to have a reasonable chance of the tender offer attractin believes it will have to offer at least $30 per share. If the tender offer is made and is successful, the purch ated on January 1, 2024. Michael Jackson, the chairperson of Sun's acquisitions committee, has provided 2024 financial statements for Sun Company without the proposed acquisition and the 2024 Projected Fina Company in the table below. Dany's Projected Financial Statements for 2024 Without Acquisition and Moon Company's Projected F ts for 2024 Sun 2024 Projected Financial Statements Without Acquisition Moon 2024 Projected Financi $275,000 $35,000 Dods sold (174,000) (18,500) gexpenses efore taxes (82,000) (4,500) 18,600 12,000 x expense (7,440) (3,600) he 11,160 8,400- Search 6 8 7 Y U + hp 8 fg 144 6 O H J K L f12 + P { [ = insprt sc t ] delete hom backspace enter

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