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First, the CEO Mr. Bovender. The case tells you that in a buyout at $51/share, Bovender is receiving $46 million. Given there were 410.8 million

  1. First, the CEO Mr. Bovender. The case tells you that in a buyout at $51/share, Bovender is receiving $46 million.
    1. Given there were 410.8 million shares outstanding, what fractional stake did Bovender own prior to the LBO?
    1. You are also told that Bovender will be investing $20 million of his LBO proceeds back into the new (post-LBO) HCA. Given the LBO equity is worth $5.3 billion, what is Bovenders stake in the post-LBO HCA? Does this concern you in any way?

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