finchco case for corporate finance,

It was late February 2010, and Harry Finch who was president and chief executive officer (CEO) of Finch Distributing Company (Finchco), was thinking about selling his business. At 65 years of age but in excellent health, he wanted to pursue his dream of buying a yacht and sailing around the world. His interest in selling the company had begun in earnest when in late 2007 Finchco had received a $35.4 million offer1 to purchase the company from one of its U.S. suppliers. Unfortunately, at the onset of the financial crisis, the offer was revoked. Since that time, Finchco had experienced a financial reversal related to the downturn of the economy but Finch felt that the company was turning around and had a potential large contract on the horizon. He wondered whether the time was right to offer his firm for sale. Would the owner prefer to be paid in cash, shares of an acquiring company, a debt instrument or some combination of the three? Why?