Question

Use the same information from Problem 15. What if the auction bids total only 2,640,000 shares, as follows:
Bidder ......... Quantity Bid
XYZ Pension Fund ...... 1,200,000
Clark Kent Investors ..... 500,000
Central City Insurance ..... 400,000
Arthur Curry ........ 300,000
Barry Allen .......... 240,000

What is the distribution of the shares and cash flow to Bruce Wayne if Berkman Investment Bank declines its green-shoe provision?



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  • CreatedMay 08, 2014
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