Sales process
ABN shareholders received €35.60 ($49.20) in cash and 0.296 RBS shares for each ABN share held. The offer was valued at €38.40 ($50.70) per ABN share, with a total value of €71.1 billion ($93.87 billion) – 93.2 percent of the offer is provided in cash.
The banks intended to make a proposal for all the depository receipts that represented the ABN convertible financing preference shares consistent with the terms of the prospectus dated Aug. 31, 2004, relating to the ABN convertible financing preference shares. A cash offer will be made for the issued and outstanding formerly convertible preference shares of €27.97 ($36.93). The aggregate consideration payable for the formerly convertible preference shares will be approximately €1.2 million ($1.58
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RBS took up 38.3 percent of the offer with a takeover price of €27.2 billion ($35.91 billion).
Santander took over business unit Latin America, Antonveneta, Interbank, and DMC Consumer Finance. Santander paid up to €19.9 billion ($26.3 billion), 27.9 percent of the offer.
Outcome
In the year 2007, Rijkman Groenink, CEO of ABN Amro, received a salary of €778,000, termination payments of €4.9 milion (including pension costs) and a bonus of €1.4 million.
As part of the remuneration policy installed in 2001, Groenink owned 486,567 options and 28,822 matched shares of ABN AMRO. Moreover, Groenink privately held 77,012 shares of ABN Amro. As result of the takeover, the shares vested immediately and were sold to the consortium for €37.88 a share. This resulted in €22,440,149.88 in cash.
In total Groenink received €27,340,149.88 as a result of the takeover.
The €27 million was highly criticized by the public and media, so highly even, it raised questions in the Dutch
a. This portfolio shows the educational journey through the BSN program at Western Governors University(WGU). The curriculum at WGU was very challenging, nonetheless it prepared me to become a safe and effective nurse. The BSN curriculum provided avenues to keep me up to date with safe practices and learn how to master therapeutic communication. WGU also helped me sharpen my critical thinking skills in order to make decisions quickly and provide safe and effective care to patients. As the result of my training, I am ready to embark in the field of nursing and do my best to make a difference in my patients lives.
Relevant Facts: Nurofen, the pain-relief medication is made by Reckitt Benckiser Australia, a multinational company. The company was found misleading customers for all its specific range that contained the same active ingredient ibuprofen lysine 342mg and was seen to have same effect. The product was advertised the products as been targeting back pain, period pain and tension headaches. The Company was fined $1.7m for misleading customers on range of ‘specific pain’ relief contravening Australian Consumer Law has been brought forward by ACCC. The ACCC had asked federal court to impose $6 million fine.
Jagdambay exports decided to issue additional common stock, and 2. An investor purchased 1,000 shares of this common stock from the underwriter (Merrill Lynch). 4. Advise the CFO on three primary ways in which capital may be transferred between savers and borrowers in Jagdambay Exports. Explain the advantages and disadvantages of each within the organization.
The acquisition was financed with a bridge loan of $350 million, which is now to be repaid with the issuance of mortgage and tax-exempt bonds. The newly bought energy complex was legally established as a Limited Liability Company, meaning the MESC would be a separated entity (though being fiscally integrated) and that its upcoming bonds will hence be nonrecourse to the Southern Company (through its subsidies). The MESC is thus a
By giving up the 10% equity to AT, SNC will be able to take on more projects in the years to come and continue to grow. They also will have a financier who supports them and can also benefit as they
The official later worked closely with JPMorgan on making their company, The China Railway Group, public. Together, they raised 5 billion dollars once the company was
I also would like to say that most of the money, which we paid them, we were giving them in person to their hands. However, I have on receipt of the transfer of the amount of EUR 1,100.00 which I was sending to Tibor Kozlik. This is the receipt from 26th April 2016. That time I flew to Slovakia, withdrew the amount of EUR 1,100.00 from the Slovak account and from Lucenec I sent it to Mr.
The $19bn merger was completed in July 2008, after shareholders’ approval. According to the CEO of Vivendi, Jean-Bernard Lévy, this merger will form “the world leader in online and console games” with “the combined strengths of the two businesses offer[ing] immense growth potential”. Indeed, the new entity will combine the console business of Activision and the PC gaming business of Blizzard, which will be represent a strong competitor for Electronic Arts. At the time of the merger, Vivendi kept a 52% stake in the new
AIG got a credit facility of $85 billion from the Federal Reserve in exchange for warrants for a 79.9% equity stake. After that AIG has been kept afloat by more than $170 billion in federal assistance since September 2008. The uproar over AIG pay reached a new level amid revelations that it rewarded employees with $450 million in bonuses for 2008—when its stock fell from $57.14 a share to $1.57 a share. Worse, $165 million of the payments were in the form of “retention” bonuses to employees of its financial products division, which sold the complex derivatives at the heart of the company’s financial troubles. Even more ironic, 52 of the employees quit after receiving their “retention” bonuses.
Question 1 Several factors have been proposed as providing a rationale for mergers. Among the more prominent ones are (I) tax considerations, (2) diversification, (3) control, (4) purchase of assets below replacement cost, and (5) synergy. From the standpoint of society, which of these reasons are justifiable? Which are not?
Financially, Barclays was able to raise £2.3bn from a share issue. This boosted its capital base
The most significant component of cash outflows in case of purchase option was the cost of the replacement spare engine. Our cash flows included the tax shield on depreciation, and maintenances costs associated with the purchase and use of the engine. We determined the after tax cash flows under both options, in case of Hong Kong Air purchase option, the after-tax cash flows are, cost of the V2500 spare engine, the tax shield on depreciation and maintenances costs and the after tax discount rate was used. In case of the lease option, the after-tax cash flows are; include; monthly rental at 8% of engine price, rate per flight hour, rate per engine cycle all over the period of the lease not less than 10 years.(ref) The discount rate used was the after tax cost of debt.
Based on the result of calculation, the NPV that Berkshire can gain is $51.2 million. Berkshire would receive “penny warrants”, which would represent 19.9% of Media General’s common shares outstanding if exercised. By using Black–Scholes–Merton model, the value of the warrants equals to $14,564,265 (We directly used the historical volatility in MEG management compensation – employee stock options). Besides, after relieving the newspaper
Aaron Salomon was successful leather merchant that specializes in the manufacture of leather shoes, for many years ran his job as a trader and sole. At the time, it was a legal requirement for inclusion at least seven people participate as members, partners of the company. Mr. Salomon, CEO himself. Mr. Solomon owned 20,001 of the 20,007 shares of the company - with the participation of the remaining six individually among six shareholders (wife, daughter and four sons).
Does the acquisition make strategic and financial sense? Provide a concise explanation in support of your assessment. (250 words max) Ans 2) Microsoft must have valued LinkedIn over $26 billion. This is more than 8 times the LinkedIn revenue of last 12 months ( $3.2 billion).The ratio is ~5 times Trailing twelve months for public companies on market places shows that price paid/valued by Microsoft is premium.