Subject category:
Finance, Accounting and Control
Published by:
NACRA - North American Case Research Association
Length: 46 pages
Data source: Field research
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Abstract
In early 1990, the management of Hillsdown Holdings, plc (HH) of London, England, was considering merging its wholly-owned subsidiary, Maple Leaf Mills Limited (MLM) of Toronto, Ontario, with a major Canadian food company. Such a merger would make it a major player in the North American food industry. The management of HH hoped to accomplish this through a stock swap, but doing so presented a major challenge, as MLM had no publicly traded common shares. The fair value of MLM and its equity would have to be estimated. To this end, HH''s management retained RBC Cominion Securities Inc, a Toronto-based investment banker.
Subject category:
Finance, Accounting and Control
Published by:
NACRA - North American Case Research Association
Length: 16 pages
Data source: Field research
About
Abstract
In early 1990, the management of Hillsdown Holdings, plc (HH) of London, England, was considering merging its wholly-owned subsidiary, Maple Leaf Mills Limited (MLM) of Toronto, Ontario, with a major Canadian food company. Such a merger would make it a major player in the North American food industry. The management of HH hoped to accomplish this through a stock swap, but doing so presented a major challenge, as MLM had no publicly traded common shares. The fair value of MLM and its equity would have to be estimated. To this end, HH''s management retained RBC Cominion Securities Inc, a Toronto-based investment banker.
Related
Subject category:
Finance, Accounting and Control
Published by:
NACRA - North American Case Research Association
Length: 16 pages
Data source: Field research