Eat-a-peach inc is a georgia-based peach farming company, Ask an Expert

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?Eat-a-Peach Inc. is a? Georgia-based peach farming company.? Eat-a-Peach is trading for $ 23.56 per share and has 400 million shares outstanding. The company has excess cash that it wants to distribute using a? fixed-price tender offer. It has announced that it will pay $ 26.62 per share and that it seeks to buy back 15 % of outstanding shares. What will the stock price be after the? repurchase? Assume that the company is all equity financed.

The stock price will be

after the repurchase. ?(Round to two decimal? places.)

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Financial Management, Finance

Category:- Financial Management
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