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Hypothetical Acquiror A wants to purchase 80% of Target B's voting shares. Let's say that Target B has 100 voting shares; current market price is

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Hypothetical Acquiror A wants to purchase 80% of Target B's voting shares. Let's say that Target B has 100 voting shares; current market price is equal to $102'share; number of shareholders is 100. In order to attract Target B's shareholders, Acquiror A offers Target B's shareholders $15fshare.l BONUS POINT: How much will it cost Acquiror A to purchase the # of Target B's shares that it wishes to purchase? {0.5 point) (please show your calculation in answer) BUT Poison Pill: Target B has implemented a poison pill in response to this hostile takeover attempt. Target B offers each of its shareholders the opportunity to purchase 5 additional shares of Target B voting stock at $5/sl1are (and all shareholders decide to take the deal and each purchase 5 additional shares at that price). - BONUS POINT: How many shares of voting stock will Target B have outstanding after its shareholders purchase these additional shares under the poison pill? (0.5 point) (please show your calculation in answer) - BONUS POINT: After the poison pill, how much will it cost Acquiror A to purchase the # of Target B's shares that it wants to purchase? (0.5 points) (please show your calculation in answer) - BONUS POINT: What are any possible ramications (i.e. consequences, positive andfor negative), of Target B's poison pill plan

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