Assume that Lyons has 20 million shares outstanding. These shares are traded relatively infrequently, but the last
Question:
Assume that Lyons’ has 20 million shares outstanding. These shares are traded relatively infrequently, but the last trade, made several weeks ago, was at a price of $11 per share. Should Hager’s make an offer for Lyons’? If so, how much should it offer per share?
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With a current price of 11 per share and 20 million shares outstanding Lyons current market value is ...View the full answer
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Related Book For 
Financial management theory and practice
ISBN: 978-0324422696
12th Edition
Authors: Eugene F. Brigham and Michael C. Ehrhardt
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