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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AFM Exams › Dricom Inc-Ord shareholders
Hello,
just looking at the above q, I cannot grasp why in the reconstruction would the co offer to buy back shares at a premium from the ord shareholders??
this will cause a potential(if all shares bought back)outflow of 280k. Is it done for eps purposes further down the line due to extra shares being created for the vent cap and employees???
many thanks
H
You will have to tell me which exam the question was in – I cannot remember the name of every question 🙂
Sorry John,
It was in the Dec ‘ 97 exam
H
I am really sorry but I do not have that question (and it is no longer available on the ACCA website).