c) The takeover offer received from Abano Healthcare was for 84% of 1300Smiles at $8.00 per...
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c) The takeover offer received from Abano Healthcare was for 84% of 1300Smiles at $8.00 per share cash consideration. Furthermore, the conditions stipulate a total cash consideration of $8.00 for non-founder shareholders. Meanwhile, founder shareholders will receive $6.33 per share 81 cents of which will be contingent on certain conditions. What justification might there be for the difference in founder versus non-founder cash consideration? Explain. c) The takeover offer received from Abano Healthcare was for 84% of 1300Smiles at $8.00 per share cash consideration. Furthermore, the conditions stipulate a total cash consideration of $8.00 for non-founder shareholders. Meanwhile, founder shareholders will receive $6.33 per share 81 cents of which will be contingent on certain conditions. What justification might there be for the difference in founder versus non-founder cash consideration? Explain.
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