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In bpp page 275, how is the number of shares apportioned when the new company takes over? I see 25000 shares at 4 per share and 50000 shares at 1 per share, hoe is this gotten? I’ve tried reading the litterature just before the example and still do not get it. Thanks for helping me!
The information is given to you in the question.
J Ltd holds 25,000 shares in G Ltd. Following the takeover, J Ltd receives one ordinary share and two preference shares in K plc for each share held in G Ltd.
The market value of the ordinary shares and preference shares is also given to you in the question.
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