Subject category:
Finance, Accounting and Control
Published by:
Ivey Publishing
Version: 2002-01-08
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Abstract
In August 1994, Ventra Group Inc decided to acquire Peerless-Cascade. The Cdn$16 million cash needed would be financed by a Cdn$10 million TD Bank bridge loan and a Cdn$6 million TD Bank loan arranged for Peerless-Cascade. Subsequent to the decision, Peerless-Cascade bid on contracts for parts being newly outsourced by Ford and were successful in winning contracts. The completion of these contracts would require the expansion of the Russelville plant by a 45,000 square foot addition and 12 new injection molding machines. Should Ventra change its acquisition financing strategy? The key point is to emphasize the need for financial flexibility.
Subject category:
Finance, Accounting and Control
Published by:
Ivey Publishing
Format:
.ppt
Data source: Field research
About
Abstract
In August 1994, Ventra Group Inc decided to acquire Peerless-Cascade. The Cdn$16 million cash needed would be financed by a Cdn$10 million TD Bank bridge loan and a Cdn$6 million TD Bank loan arranged for Peerless-Cascade. Subsequent to the decision, Peerless-Cascade bid on contracts for parts being newly outsourced by Ford and were successful in winning contracts. The completion of these contracts would require the expansion of the Russelville plant by a 45,000 square foot addition and 12 new injection molding machines. Should Ventra change its acquisition financing strategy? The key point is to emphasize the need for financial flexibility.
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Subject category:
Finance, Accounting and Control
Published by:
Ivey Publishing
Format:
.ppt
Data source: Field research