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Sienna Miller and Wine Co. has 20,640,000 shares outstanding. The stock is currently selling at $102 per share. If an unfriendly outside group acquired 35
Sienna Miller and Wine Co. has 20,640,000 shares outstanding. The stock is currently selling at $102 per share. If an unfriendly outside group acquired 35 percent of the shares, existing stockholders will be able to but new shares at 40 percent below the currently existing stock price. How many shares must the unfriendly outside group acquire for the poison pill to go into effect?
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