The start of negotiations

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Reference no: EM13252191

Bass Ltd has recently undertaken a Business Combination with Bream Ltd. At the start of negotiations, Bass Ltd owned 30% of the shares of Bream Ltd. The current discussions between the two entities concerned Bass Ltds acquisition of the remaining 70% of shares of Bream Ltd. The negotiations began on 1 January 2013 and enough shareholders in Bream Ltd. agreed to the deal by 30 September 2013. The purchase agreement was for shareholders in Bream Ltd to receive in exchange shares in bass ltd. Over the negotiation period, the share price of bass ltd shares reached a low of $5.40 and a high of $6.20.

Reference no: EM13252191

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