please answer correct

Buy 50% of the shares for $150 million and buy 10,000 convertible securities for $300 million. Each security is convertible into 10,000 shares of XYZ at the option of ABC at a redemption value of 102%. Presently, XYZ has 5,000 shares outstanding and the net assets of XYZ have a book value of $350 million. The 5,000 shares are owned by one shareholder. Requirement: The CFO would like to know what the impact would be for the acquisition option. The CFO would like a memo analyzing your opinion on the possible reporting implications