Subject category:
Finance, Accounting and Control
Published by:
Ivey Publishing
Version: 2003-01-07
Length: 18 pages
Data source: Field research
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Abstract
The vice president, corporate finance with Bunting Warburg Inc, had just received a Directors'' Circular issued by the Canada Malting Co Limited (CMCL). The circular, dated October 6, 1995, had been issued the previous day and recommended the rejection of an offer by Bunting Warburg''s client to purchase the shares of CMCL. One week earlier, the client, ConAgra, Inc of Omaha, Nebraska, the second largest food processor in the United States, offered to acquire all of the outstanding common shares of CMCL at a price of CA$20.00 per share. Now that the offer had been rejected, the VP''s challenge was to advise ConAgra on how to proceed from this point.
About
Abstract
The vice president, corporate finance with Bunting Warburg Inc, had just received a Directors'' Circular issued by the Canada Malting Co Limited (CMCL). The circular, dated October 6, 1995, had been issued the previous day and recommended the rejection of an offer by Bunting Warburg''s client to purchase the shares of CMCL. One week earlier, the client, ConAgra, Inc of Omaha, Nebraska, the second largest food processor in the United States, offered to acquire all of the outstanding common shares of CMCL at a price of CA$20.00 per share. Now that the offer had been rejected, the VP''s challenge was to advise ConAgra on how to proceed from this point.