Wellington Seafood Company would like to sell 4,000 shares of stock to acquire its competitor Kapiti Crab Inc. The manager decides to use Dutch auction underwriting. The bids received are: Bidder A B с D E Quantity 1100 900 O $32,340 O $25,872 1,450 1,550 1,750 Price $29.40 29.05 28.90 28.55 28.35 How much should bidder A need to pay if the bidder receives the allocated shares?

Wellington Seafood Company would like to sell 4,000 shares of stock to acquire its competitor Kapiti Crab Inc. The manager decides to use Dutch auction underwriting. The bids received are: Bidder A B с D E Quantity 1100 900 O $32,340 O $25,872 1,450 1,550 1,750 Price $29.40 29.05 28.90 28.55 28.35 How much should bidder A need to pay if the bidder receives the allocated shares?

SWFT Corp Partner Estates Trusts

42nd Edition

ISBN:9780357161548

Author:Raabe

Publisher:Raabe

Chapter7: Corporations: Reorganizations

Section: Chapter Questions

Problem 44P

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