"Hershey must secure majority economic control of the combined entity while trying to minimize its total leverage. At the same time, it ideally wants to preserve its own dual-class structure so that the Trust that controls Hershey retains an economic interest above a 15% threshold as well as significant voting control."
Interesting look on how leverage, control, and valuation all come together in takeover. This is a great case study for a corporate finance class!
No comments:
Post a Comment