Question: Again, for this question, assume that: (a) a large Delaware corporation, Big Public Co., is going to buy all of DIY Chef's assets for $28,000,000;
Again, for this question, assume that: (a) a large Delaware corporation, Big Public Co., is going to buy all of DIY Chef's assets for $28,000,000; (b) immediately after the sale, no shares of DIY Chef's common stock will be subject to any vesting; (c) non of the stock option reserves were issued or exercised; (d) immediately after the sale, DIY Chef has no debts or other liabilities; and, (e) DIY Chef is going to distribute all of the sale proceeds to its stockholders. How much will CMUV receive from the distribution of the sales proceeds as a result of its participation right?
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