Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 07, 2024

On 12/31/2020, Dugtrio Drilling Corp. announced an agreement to buy Gloom Tecnhology, a clean energy company based in Nevada with a cash bid of $32

On 12/31/2020, Dugtrio Drilling Corp. announced an agreement to buy Gloom Tecnhology, a clean energy company based in Nevada with a cash bid of $32 per share. Blastoise Capital (BC), a hedge fund specializing in merger arbs, would like to capitalize on the success of the merger deal.

The price before the announcement was $25

The price after the announcement was $31.5

What is the return of BC if the deal is successful?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Finance questions

Question

Positive punishment, when administered when parents are angry or frustrated, can lead to verbal and physical abuse.

Answered: 1 week ago

Question

★★★★★

The Rock Glen House B&B is operated as a sole proprietorship and had the following income and expenses for the year: Room rental income $137,900 Vending machine income 2,000 Advertising expense...

Answered: 1 week ago

Question

★★★★★

The marketing department of Jessi Corporation has submitted the following sales forecast for the upcoming fiscal year (all sales are on account): 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter...

Answered: 1 week ago

Question

★★★★★

QUESTION TEN Find the deaviation mean (D.M) of the following data. Class 0-5 5-10 10-15 15-20 20-25 Frequ 3 5 12 6 4 ency

Answered: 1 week ago

Question

★★★★★

A particle of mass $ m $ moves under the influence of a conservative force described by the potential energy function $ U(x) = \frac{kx^2}{2} $, where $ k $ is a constant and $ x $ is the...

Answered: 1 week ago

Question

★★★★★

A 2 kg block slides on a horizontal frictionless surface with a velocity of 4 m/s. It collides elastically with a stationary block of mass 3 kg. Determine the final velocities of both blocks after...

Answered: 1 week ago

Question

★★★★★

A satellite of mass 500 kg is orbiting Earth at an altitude where the gravitational acceleration is $ 7.5 \, \text{m/s}^2 $. Calculate the gravitational force acting on the satellite and the...

Answered: 1 week ago

Question

★★★★★

Question 1 Calculate the limit: \[ \lim_{{x \to 0}} \frac{\sin(5x)}{x} \] Question 2: Find the derivative of the function $ f(x) = x^3 - 3x^2 + 4x - 7 $.

Answered: 1 week ago

Question

★★★★★

Question 1: Evaluate the integral: \[ \int (2x^2 - 3x + 5) \, dx \] Question 2: Determine the convergence or divergence of the improper integral: \[ \int_1^\infty \frac{1}{x^2} \, dx \] Question 3:...

Answered: 1 week ago

Previous Question Next Question