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Corporate finance and Financial Accounting
Finance & Accounting
Pages 8 (2008 words)
CORPORATE FINANCE Name: Course Professor’s name University name City, State Date of submission Introduction During the first meeting with the board of directors of the XYZ Corporation, diversification of idiosyncratic risk formed the main subject of discussion.
However, it is the responsibility of the organization to formulate and implement appropriate strategies to deal with risks. For this case, the management of XYZ opted for acquisition of the company. XYZ sold itself to ABC International in exchange for $8.2 billion. After the acquisition, XYZ estimated that the worth of its shares would be placed at $100 per share. After the acquisition, ABC would take the sole responsibility of selling the XYZ’s stock exchange ventures situated in different countries that include Netherlands, Belgium and Portugal. ABC International’s operations ABC International is a leading global operator that deals with exchanges and the market for various forms of contracts ranging from agriculture to equity index. The corporation is based in the United Kingdom with its operations in Russell, Europe and some parts of the United States. The company operated under ABC Int’l as the trade mark and name. The company is managed by a board of directors, who set high standards that help in day-to-day management of the company. However, there exist guidelines and regulations of the organization that must be followed from time to time, subject to modification by the board of directors. This ensures a fulfillment of the best interests of the organization in line with the rules and regulations of the company. ...
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