Reference no: EM131360858
Your firm pitched the issue to several large private equity clients. Fourteen sealed bids were submitted, and you have sorted them by bid price. The results are shown below. Bidder Price Shares A $101.43 575,000 B $100.87 440,000 C $100.12 600,000 D $98.93 750,000 E $96.73 900,000 F $95.37 1,000,000 G $93.12 1,150,000 H $91.54 1,350,000 I $90.37 800,000 J $89.42 1,375,000 K $88.14 1,700,000 L $87.52 1,300,000 M $85.73 1,225,000 N $84.28 1,800,000 What marginal price will the 7,150,000 shares of Thornton & Danaher sell at in the Dutch Auction? Also, calculate the pro rata portion of shares each of the winning bidders will receive for the number of shares they bid.
During subscription period-what will market value of right
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The pro rata portion of shares each of the winning bidders
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