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Now, suppose management decides to undertake a recapitalization by means of a fixed price tender offer at $35 per share. How many shares will be

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Now, suppose management decides to undertake a recapitalization by means of a fixed price tender offer at $35 per share. How many shares will be repurchased? What will happen to stock price when the transaction is announced? What will happen to shareholder wealth? What will happen to shareholder wealth after the transaction is completed

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