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Author Question: Willys-Overland Motors Inc. produces 44 quarter-ton trucks. Selected financial information for ... (Read 97 times)

@Brianna17

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on: Apr 25, 2021
Willys-Overland Motors Inc. produces 4×4 quarter-ton trucks. Selected financial information for Willys-Overland is provided in the table below. 
The CEO, John Willys, wants to distribute $1B of cash using a stock repurchase. He intends to repurchase 15 million shares at a price of $70. Mr. Willys owns 22.5 million shares (worth $1,395 million before the repurchase). He does not plan to sell any of his shares during the repurchase. What is his wealth after the repurchase?

Willys-Overland Motors Inc.
Selected Financial Information
Stock Price$62
Cash$1,000M
Shares Outstanding150M
Debt$0

◦ $1,375M
◦ $1,280M
◦ $1,385M
◦ $1,390M
◦ $1,395M
Corporate Finance Online ¦ Eakins, McNally ¦ 2nd Edition
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Marked as best answer by @Brianna17 on Apr 25, 2021

cloudre37

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Reply #1 on: Apr 25, 2021
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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@Brianna17

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Reply 2 on: Apr 25, 2021
Thanks for the timely response, appreciate it

AmberC1996

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Reply 3 on: Yesterday
:D TYSM

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