Climax Motors Corp is an all equity company with 40M shares outstanding. Climax's stock trades for $25. Climax has too much cash. The CEO, Trudy Ryder, wants to distribute the excess cash with an open market stock repurchase
She is contemplating buying back $10.9M worth of shares at a price of $25. Ricky Bobby owns 4 million shares of Climax. He purchased his shares before the repurchase for $25. If Ricky does not sell any shares during the repurchase, then what is his change in wealth from before to after the repurchase?
A) -$2.50 million
B) $0
C) $2.00 million
D) $2.50 million
E) $5.00 million
B
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Brandon Steiner, CEO of Steiner Sports, believes health and well-being are important for employee performance, requires his employees to eat healthy while at work, and empowers them to be healthy by providing healthy snacks and gym memberships. This is an example of ______.
A. superleadership B. autocratic leadership C. futuristic management D. high-involvement management
Today, several companies are adopting the concept of ________, which carefully combines and coordinates the company's many communication channels to deliver a clear, consistent, and compelling message about the organization and its brands
A) integrated marketing communications B) pull strategy C) vertical diversification D) nonpersonal communication channels E) buzz marketing
A process costing system:
a. Assigns direct labor and manufacturing overhead separately to units of production. b. Restates the ending inventory of work in process in terms of completed units. c. Accumulates costs by jobs rather than by department. d. Cannot use standard costs.
According to van Marrewijk, the central M&A dilemma that he researched was:
a. How to integrate newly acquired Internet firms while preserving their organizational autonomy and capacity for innovation b. How to integrate new Internet technology and transfer knowledge to the acquiring firm c. How to integrate different organizational cultures after a merger d. How to integrate different information systems after a merger