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Energetic Inc., believes that it can acquire Satisfied Industries and improve efficiency to the extent that the market value of Satisfied will increase by $5 million. Satisfied currently sells for $20 a share, and there are 1 million shares outstanding.
a. Satisfied's management is willing to accept a cash offer of $25 a share. Can the merger be accomplished on a friendly basis?
b. What will happen if Satisfied's management holds out for an offer of $28 a share?
Implied Warranty
A legally assumed guarantee that a product will meet certain quality and reliability standards.
Warranty Of Fitness
A guarantee provided by a seller that the goods or services sold will be appropriate and suitable for the specified purpose.
Express Warranty
A clearly stated guarantee provided by a seller regarding the condition or quality of a product.
Implied Warranty
An unwritten, unstated guarantee that a product will meet basic standards of quality and reliability.
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