Ginormous Oil Entered into an Agreement to Purchase All of the Outstanding

question 14

Multiple Choice

Ginormous Oil entered into an agreement to purchase all of the outstanding shares of Slick Company for $60 per share.The number of outstanding shares at the time of the announcement was 82 million.The book value of liabilities on the balance sheet of Slick Co.was $1.46 billion.What was the cost of this acquisition to the shareholders of Ginormous Oil?

• A) $1.46 billion
• B) $3.46 billion
• C) $4.92 billion
• D) $6.38 billion
• E) $8.38 billion

---

Definitions:

Credit Reports

Detailed reports that include an individual's credit history, showing past and current credit transactions and their repayment record.

Do-Not-Call Registry

A list managed by the government where individuals can register their phone numbers to avoid receiving unsolicited commercial calls.

First Amendment

A part of the U.S. Constitution that protects freedoms concerning religion, expression, assembly, and the right to petition.

Controlling the Assault of Non-Solicited Pornography and Marketing Act

A law enacted to protect individuals from unsolicited commercial email and pornography by establishing rules for commercial email, including requirements for unsolicited messages and penalties for violations.