1. The United States and the Reverse Merger
... choose either the stock offer or cash offer. For the stock offer, existing shareholders are entitled to receive one common stock of Great Wall for every 21.29 ChinaCast shares. (Wu 2012, p. 45)As for choosing the cash offer, shareholders would receive $0.167 for every tendered shares. The total number of shares acquired are approximately 10.5 million shares ... . (Wu 2012, p. 45) Hence, we figure out that the total consideration paid was around $2 billion in terms of cash payments. As mentioned above, the reverse acquisition took the form of share ... ...
- Word Count: 2733
- Approx Pages: 11
- Has Bibliography
- Grade Level: Undergraduate