答案和详解如下： 11.What is the probable price range for an offer for Gazelle? If one of the acquirers makes an offer of $55, should the board accept it? < >> |
Take-Over Defense | Defense Sufficient |
A) $43 to $53 No B) $43 to $63 Yes C) $43 to $63 No D) $43 to $53 Yes The correct answer was D) The probable price range is the current market price to the current price + the value of the synergies. That is, $43 to $43 + 500m/50m = $53. If they receive an offer greater than $53, the board should accept. 12.If Gazelle were to separate itself into two parts, the traditional bank and the 24/7 bank, and to sell off the 24/7 bank in a public offering, what would the action be called from the standpoint of the sale and from the standpoint of a takeover defense? < >> |
Sale | Takeover Defense |
A) Equity carve-out Leveraged recapitalization defense B) Split-off Crown jewel defense C) Split-off Leveraged recapitalization defense D) Equity carve-out Crown jewel defense The correct answer was D) A public offering of a subsidiary as a stand-alone enterprise is called an equity carve-out. Using this technique to fend off a merger is known as a crown jewel defense. | 
发表于 2008-5-19 14:08
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