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Use the following information to answer the question(s) below.
You work for a leveraged buyout firm and are evaluating a potential buyout of Associated Steel.Associated Steel's stock price is $15 and it has 10 million shares outstanding.You believe that if you buy the company and replace its management,its value will increase by 50%.You are planning on doing a leveraged buyout of Associated Steel,and will offer $20 per share for control of the company.
-Assuming you get 50% control of Associated Steel,then the price of the non-tendered shares will be closest to:
Political Organization
Structures and institutions through which communities and societies govern themselves and make decisions affecting their members.
Tribe
In anthropology, the term for a range of kin-ordered groups that are politically integrated by some unifying factor and whose members share a common ancestry, identity, culture, language, and territory.
Revitalization Movement
A social movement aimed at reinvigorating or reforming a society’s culture, beliefs, or practices, often in response to perceived decay or external pressures.
Social Disruption
A significant alteration or disordering of the structure and functioning of a social system or community.
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