What is P (the stock price after the recap)?

Stock Price after Recapitalization

Lee Manufacturing’s value of operations is equal to $900 million after a recapitalization. (The firm had no debt before the recap.) Lee raised $300 million in new debt and used this to buy back stock. Lee had no short-term investments before or after the recap. After the recap, . The firm had 30 million shares before the recap. What is P (the stock price after the recap)?

Place Your Order Here!

What is P (the stock price after the recap)?
What is P (the stock price after the recap)?

Leave a Comment

Your email address will not be published. Required fields are marked *