The Bynum Private Equity group has just made a tender offer for, at most, 60 percent of Vendall Company. Vendall has 1,000 shares outstanding. Mr. VanDuun is a shareholder of Vendall and has tendered his shares. For each situation below, indicate the number of shares accepted by Bynum and how many of Mr. VanDuun€™s shares will be accepted byBynum.

Transcribed Image Text:

Total shares tenderedMr. VanDuun's Total number of Number of Mr. shares accepted by Bynum tendered VanDuun's by Vendall shareholders shares accepted shares by Bynunm 1,000 1,000 500 500 500 500 400 300 400 300 100 200