A mid-sized private equity fund has expressed interest in investing $4 million in newly issued common shares
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A mid-sized private equity fund has expressed interest in investing $4 million in newly issued common shares of MAG. Proportional representation on the board of directors based on the percentage common share ownership interest acquired would also be required. The fund specializes in the manufacturing and automotive sectors and has a typical investment horizon of five to ten years. There are no specific dividend requirements under this proposal, but the fund has a target internal rate of return (IRR) of 18%
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Auditing Cases An Interactive Learning Approach
ISBN: 978-0132423502
4th Edition
Authors: Steven M Glover, Douglas F Prawitt
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