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You work for a levered buyout firm and are evaluating a potential buyout of Triangle BV. Triangle's stock price is 19, and it has 3.5
You work for a levered buyout firm and are evaluating a potential buyout of Triangle BV. Triangle's stock price is 19, and it has 3.5 million shares outstanding. You believe that if you are in control of the company and replace its management team, its value will increase by 35%. You are planning on doing a levered buyout of Triangle and will offer 24.5 per share for control of the company. Assuming you get 51% control and your beliefs are correct, determine your gain from this transaction
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