Wb wanted to purchase our company for 20 more than our, Ask an Expert

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i had a buy sell agreement with my two partners and each year we evaluated the company in case one or more wanted out. the remaining partners had first right of refusal. in 2009 we valued the company at 1.5 million both of my partners were 67 in 2009 and both decided as the economy was slowing down significantly that they wanted to retire. to buy them out, i would have to borrow 1.2 million (pay them their share of the company and the cash balance on hand). we were complately debt free at this time. WB wanted to purchase our company for 20% more than our estimated value. they would also employe me. what would you do? explain?

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Operation Management, Management Studies

Category:- Operation Management
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