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Hi Mike,
Could u please explain the below mentioned proposed payment method for acquistion in Hav co ques..
3rd payment method
A CASH offered of 1.25$ share plus one 100$ 3% convertible bonds for every $5 nominal value of strand co shares.In 6 years the bond can be converted into 12 hav co shares or redeemed at par..
(The nominal value of stand co share in ques is 25c….total shares are 1200million)
In ques..we have to calculate the % premium per share the strand co. sh.holders will receive..I am unable to understand the convertible bonds part…please could u explain that..
Thank you
Mike does not teach P4, and never has done 🙂
If you want me to answer then you must ask in the Ask the Tutor Forum – this forum is for students to help each other.
Oh…i m sorry john,
I have again asked the same ques in tutors forum by addressing it to you…but this is tutors forum…i am right in that??
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