I.Introduction a.Ben & Jerrys Homemade was on the table for coup by other firms; specifically quaternion, Dreyers, Unilever, Meadowbrook driveway and Chart head. With the increased militant trade and declining financial performance, putsch bids were coming in. Co-founders Ben Cohen and Jerry Greenfield knew that in rig for B&J to keep its social stature, it would need to persevere an case-by-case bon ton; besides chief executive Perry Odak tangle that the shareholders would be best served by selling the party. II.Key Issues/Problems a.With multiple coup detat offers, which one would be in the best interests of the shareholders and the rest of the company? III.Key Questions a.What position should Morgan take and what force be the implications? What should pick come to the fore his decision? b.What would your management s gistcard include as you follow Ben and Jerrys performance? How redeem they performed on each holding? c.Who controls the assets of Ben and Jerrys? IV.Analyses The biggest question is what should Morgan do with all the takeover bids? existence that Morgan is a retired dean of capital of Massachusetts University patronage school, he is wellspring versed in the business world. From this, he should consider Odaks comment about doing what is best for the shareholders of Ben & Jerrys.
If we simply look at the P/E proportionality of B&J in Exhibit 6 of the case, which is 19.8, and discriminate that to the offers being presented by the foursome bidders heres what we surrender: Dreyers Grand - $31 / $1.06 = 29.24 (stock) Unilever - $36 / $1.06 = 33.96 (cash) Meadowbrook Lane - $32 / $1.06 = 30.18 (cash) Chartwell minority investment of $30 - $50 million The P/E numbers above pegleg that Unilever would bring in a large investment and as well as be right for shareholders of B&J. Unilever would be paying a $15 premium over the pre-offer promulgation share outlay of $21. If Morgan takes the Unilever offer, it would be taking into consideration the shareholders of B&J, but the core dimensions...If you command to get a undecomposed essay, order it on our website: Ordercustompaper.com
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