Chevron Inc decided on May 1 2013 to acquire all
Chevron Inc. decided on May 1, 2013, to acquire all of the outstanding shares of Chow Ltd. The preliminary acquisition price is to be based on the year-end financial statements dated March 31, 2013. The payment will be made on
June 30, 2013, as well that will be when all the shares of Chow Ltd. will be transferred to Chevron Inc., with an acquisition price adjustment to be made for any difference between the March 31 and June 30, 2013, financial statements.
What would be the acquisition date in this scenario?
Membership TRY NOW
  • Access to 800,000+ Textbook Solutions
  • Ask any question from 24/7 available
    Tutors
  • Live Video Consultation with Tutors
  • 50,000+ Answers by Tutors
OR
Relevant Tutors available to help