A firm has 101 shareholders. 100 of the shareholders each own 1 share. the remaining shareholder is an activist hedge fund manager who owns 26 shares. The current share price is $18 per share. Management is trying to buy out the activist hedge fund manager's shares at $23 per share. If this goes through, what will be the percentage decline in the share value of the 100 remaining shares?

Answer rating: 100% (QA)

Lets calculate the values and find the percentage decline ... View the full answer