How many of shares should expect starcourt to purchase

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Reference no: EM132763938

Problem 1: Starcourt Industries wants to repurchase 100,000 shares at $80 a share through a tender offer. Shareholders responded by offering 200,000 shares at $80 a share. Assume you are a shareholder and offered your 5000 shares as part of the shareholder response. How many of your shares should you expect Starcourt's to purchase?

Option 1: 0

Option 2: 10,000

Option 3: 5,000

Option 4: 2,500

Option 5: 4,000

Reference no: EM132763938

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