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Katie Homes and Garden Company has 1 3 , 6 0 0 , 0 0 0 shares outstanding. The stock is currently selling at $
Katie Homes and Garden Company has shares outstanding. The stock is currently selling at $ per share. If an unfriendly outside group acquired percent of the shares, existing stockholders will be able to buy new shares at percent below the currently existing stock price.
How many shares must the unfriendly outside group acquire for the poison pill to go into effect?
What will be the new purchase price for the existing stockholders?
Note: Do not round intermediate calculations. Round your answer to decimal places.
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