Rust Pipe Company was established in 1 9 9 4 . Four years later the company went
Fantastic news! We've Found the answer you've been seeking!
Question:
Rust Pipe Company was established in Four years later the company went public. At that time, Roberta Rust, the original owner, decided to establish two classes of stock. The first represents Class A founders' stock and is entitled to votes per share. The normally traded common stock, designated as Class B is entitled to one vote per share. In late Mr Park, an investor, was considering purchasing shares in Rust Pipe Company. While he knew the founders shares were not often present in other companies, he decided to buy the shares anyway because of a new technology Rust Pipe had developed to improve the flow of liquids through pipes.
Of the total shares currently outstanding, the original founder's family owns shares.
What is the percentage of the founder's family votes to Class B votes?
Posted Date: