This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Article SummaryIn an effort to raise funds to cut debt, Fiat Chrysler is selling a stake in Ferrari ... (Read 89 times)

cdr_15

  • Hero Member
  • *****
  • Posts: 546
on: Oct 7, 2019

Article Summary

In an effort to raise funds to cut debt, Fiat Chrysler is selling a stake in Ferrari through an initial public offering (IPO) to be valued at as much as $9.8 billion. 17.2 million shares of stock in the company are to be sold, and the stock will be traded on the New York Stock Exchange under the symbol RACE. One analyst speculates that requests for shares in Ferrari may be ten times less than the number available.  Including debt, Ferrari will have a value of about $12 billion, and chairman Piero Ferrari will keep a 10 percent stake in the new company and receive about €280 million in cash. Before taxes and interest, Ferrari's 2014 earnings were €389 million, with revenue of €2.8 billion.

Source: Tommaso Ebhardt, "Ferrari to Be Valued at Up to $9.82 Billion in IPO," Bloomberg.com, October 9, 2015.



When Ferrari sells stock to the public in its IPO, it will do so through the New York Stock Exchange. This is an example of Ferrari raising funds through


◦

dividend reinvestment.


◦

a financial intermediary.


◦

a financial market.


◦

reinvesting retained earnings.

InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by cdr_15 on Oct 7, 2019

mmj22343

  • Sr. Member
  • ****
  • Posts: 297
Reply #1 on: Oct 7, 2019
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.
Answer Preview
Only 25% of students answer this correctly


cdr_15

  • Hero Member
  • *****
  • Posts: 546
Reply #2 on: Oct 7, 2019
Thank you!


mmj22343

  • Sr. Member
  • ****
  • Posts: 297
Reply #3 on: Oct 7, 2019
Always glad to help...


« previous next »
 

Did you know?

Vampire bats have a natural anticoagulant in their saliva that permits continuous bleeding after they painlessly open a wound with their incisors. This capillary blood does not cause any significant blood loss to their victims.

Did you know?

Side effects from substance abuse include nausea, dehydration, reduced productivitiy, and dependence. Though these effects usually worsen over time, the constant need for the substance often overcomes rational thinking.

Did you know?

Throughout history, plants containing cardiac steroids have been used as heart drugs and as poisons (e.g., in arrows used in combat), emetics, and diuretics.

Did you know?

Interferon was scarce and expensive until 1980, when the interferon gene was inserted into bacteria using recombinant DNA technology, allowing for mass cultivation and purification from bacterial cultures.

Did you know?

Malaria was not eliminated in the United States until 1951. The term eliminated means that no new cases arise in a country for 3 years.

Mother giraffe and calves feeding. It is mostly the females that raise young, and they may gather in Mother giraffe and calves feeding. It is mostly the females that raise young, and they may gather in
In 2009, historian Woody Holton described how Abigail Adams shrewdly invested in the Continental Con In 2009, historian Woody Holton described how Abigail Adams shrewdly invested in the Continental Con
Poverty comes in many forms. Families who go into debt to buy possessions squeak by month after ... Poverty comes in many forms. Families who go into debt to buy possessions squeak by month after ...
A symbol used on a Chrysler vehicle indicating a fault with the electronic throttle control. A symbol used on a Chrysler vehicle indicating a fault with the electronic throttle control.
Sonal bought a coat for $198.88, which included 8% PST and 5% GST. What was the selling price ... Sonal bought a coat for $198.88, which included 8% PST and 5% GST. What was the selling price ...
Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price. Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price.
Video: Cardiac Cycle (Part 1 of 4)

For a complete list of videos, visit our video library