New built wants to repurchase 20000 shares at 21 a share, Ask an Expert

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New Built wants to repurchase 20,000 shares at $21 a share through a tender offer. Shareholders responded by offering 26,500 shares at $21 a share. Assume you are a shareholder and offered your 300 shares as part of the shareholder response. How many of your shares should you expect New Built to purchase?

398 shares

300 shares

0 shares

226 shares

251 shares

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92350342

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