Mayo Corporation is currently trading at $30 per share. There are 10 million shares outstanding, and the company has no debt. You believe that the value of the company would increase by 50% if the management were replaced
How much would you need to offer in total to acquire 50% of Mayo's shares?
A) $300 million
B) $150 million
C) $100 million
D) $10 million
Answer: B
Business
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