What is the value of the control of the hot wings

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Reference no: EM132196903

1. Apocalyptica Corp. entered into an agreement to buy all outstanding shares of Hot Wings and Company for $50 per share. Prior to the bid, the share price for Hot Wings was $30 per share. The number of shares outstanding at the time of the announcement was $50 million. What is the value of the control of the Hot Wings on which Apocalyptica placed?

2. In which of the following situations would specific performance be an appropriate remedy? Discuss fully.

a. Thompson contracts to sell her house and lot to Cousteau. Then, on finding another buyer willing to pay a higher purchase price, she refuses to deed the property to Cousteau.

b. Amy contracts to sing and dance in Fred's nightclub for one month, beginning May 1. She then refuses to perform.

Reference no: EM132196903

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