How much did Mike pay for Dallas Corporation common stock?
Last year, Mike bought 100 shares of Dallas Corporation common stock for $53 per share. During the year he received dividends of $1.45 per share. The stock is currently selling for $60 per share.
What happened to Black Box Corporation?
As a result of the tender offer and the subsequent merger, which were completed today, Black Box Corporation will become a private company and, as of today, its shares of common stock will no longer be publicly traded. This will result in Black Box Corporation becoming a 100% subsidiary of AGC as a result of this process.
How many shares of Blackwood common stock does Rob own?
15) Rob owns 300 shares of Blackwood common stock valued at $9 a share. Blackwood has declared a 3-for-1 stock split effective tomorrow. After the split, Rob will own A) 100 shares valued at about $27 a share. B) 100 shares valued at about $3 a share. C) 900 shares valued at about $27 a share.
How many shares of Gia stock did Tiffany own after the split?
B 19) Tiffany owned 1000 shares of GIA stock which was selling for $1.50 per share when the company declared a 1 for 10 reverse split. After the split, Tiffany owned A) 10,000 shares worth approximately $1.50 per share. B) 10,000 shares worth approximately $0.15 per share.
What is a black box?
Black Box is a leading digital solutions provider dedicated to helping customers design, build, manage and secure their IT infrastructure. Black Box delivers high-value products and services through its global presence and approximately 3,000 team members. To learn more, visit the Black Box Web site at http://www.blackbox.com.
Is Black Box a public company?
As a result of the tender offer and the subsequent merger, which were completed today, Black Box Corporation will become a private company and, as of today, its shares of common stock will no longer be publicly traded. This will result in Black Box Corporation becoming a 100% subsidiary of AGC as a result of this process.
Is Black Box a wholly owned subsidiary of AGC?
07, 2019 (GLOBE NEWSWIRE) -- Global solutions integrator AGC Networks Ltd (BSE/NSE: AGCNET) today announced that a newly-formed, wholly owned subsidiary has completed the previously-announced acquisition of Black Box Corporation (NASDAQ: BBOX), a leading digital solutions provider. The previously announced tender offer expired at the end of the day on Friday, January 4, at which time 9,126,005 shares of Black Box common stock (excluding shares tendered by guaranteed delivery) had been validly tendered and not withdrawn pursuant to the tender offer, representing approximately 59.89% of the outstanding shares. As a result of the tender offer and the subsequent merger, which were completed today, Black Box Corporation will become a private company and, as of today, its shares of common stock will no longer be publicly traded. This will result in Black Box Corporation becoming a 100% subsidiary of AGC as a result of this process.
How many shares does Nikki own?
Nikki and Jim own a corporation together. Nikki owns 48 shares of stock and Jim owns 52. They consider themselves investors, so they elect a board of three directors to oversee the business. To ensure that Nikki can elect at least one director, the corporation should:
Who owns Smith Realty?
Sarah owns half of Smith Realty, Inc., and her brother, Bill, owns the other half. Sarah routinely uses the company car, which is supposed to be only used for taking clients to view property, to run her personal errands. She also routinely uses company funds for personal uses, but always pays the money back into the corporation.
What is tough TVs reinvested?
limited to her investment in the stock. Tough TVs, a corporation, makes a profit in its first year of existence. The managers of the corporation decide to reinvest the profits. The reinvested profits are called: retained earnings. Rena incorporates her business, Rena's Rhinestones, in her home state of Maryland.
How much did Nico sell Cisco stock for?
Nico bought 100 shares of Cisco Systems stock for $30.00 per share on January 1, 2013. He received a dividend of $2.00 per share at the end of 2013 and $3.00 per share at the end of 2014. At the end of 2015, Nico collected a dividend of $4.00 per share and sold his stock for $33.00 per share. What was Nico's realized holding period return?
Why is the realized holding period return so much larger than the compound rate of return?
The reason the realized holding period return is so much larger than the compound rate of return is that the realized return does not account for the time value of money.
How many assets does Akai have?
Akai has a portfolio of three assets. Find the expected rate of return for the portfolio assuming he invests 50 percent of its money in asset A with 10 percent rate of return, 30 percent in asset B with a rate of return of 20 percent, and the rest in asset C with 30 percent rate of return.
When did Bell System stock break up?
ANSWER: Because of wide shareholder interest, several newspapers offered a summary of Bell System stock prices for several months after the Jan. 1, 1984, breakup of American Telephone & Telegraph Co. into a “new” AT&T; and seven regional telephone companies. The Times, for example, published a summary for a full year on the theory that the tax implications of the breakup merited special attention for this group of stocks until the end of the tax year in which the breakup occurred. That tax year has ended. And so, as you observe, has publication of the summary.
What was the price of AT&T in the quarter before the divestiture?
And in the quarter before the divestiture, the market price of the “old” AT&T; ranged from $60.125 to $66.375.
When was the ex dividend date for Limberger?
The ex-dividend date was July 15 , the date of record was July 18, and the payment date was July 28. If you had owned 100 shares of the Limberger Corporation and sold them on July 15, then. A) you would collect $10.00 in dividends, and the purchaser would not collect any dividends.
What is the best indicator of the overall performance of common stocks?
D) The DJIA is the best indicator of the overall performance of common stocks.
Who acquired 40% of the outstanding non-voting preferred stock of Rich Co?
Louis, Inc. acquired 40% of the outstanding non-voting preferred stock of Rich Co . What method for recording the investment should Louis use?
What does Company J acquire?
Company J acquired all of the outstanding common stock of Company K in exchange for cash. The acquisition price exceeds the fair value of net assets acquired. How should Company J determine the amounts to be reported for the plant and equipment and long-term debt acquired from Company K?
Is Palmetto Inc. an equity company?
Palmetto Inc. is currently using the equity method to account for its 30% investment in Royal Company. In the acquisition last year of Royal Co. common stock, Palmetto calculated $1,000,000 of goodwill. The correct accounting for this goodwill during the current year is:
Is a subsidiary in bankruptcy?
The subsidiary is in legal reorganization or bankruptcy and/or the subsidiary operates under severe foreign restrictions
Who acquired Sea Corp?
PDX Corp. acquired 100% of the outstanding common stock of Sea Corp. in an acquisition transaction. The cost of the acquisition exceeded the fair value of the identifiable assets and assumed liabilities. The general guidelines for assigning amounts to the inventories acquired provide for:
Does receipt of dividends affect investment account?
Under the cost method, receipt of a dividend is recorded as income and does not affect the investment account.
Who bought Statesman Group?
In May 1994, CCP II made the first in a series of expected acquisitions when it agreed to purchase Statesman Group, Inc. for $350 million. In September the company entered into a $344 million partnership with American Life Holdings, Inc., which included subsidiaries American Life and Casualty and Vulcan Life. Conseco acquired the remaining 63 percent interest in American Life in September 1996. Conseco planned to retain its proven strategy of using innovative management techniques to increase the value of acquired holdings. Hilbert moved his main personal office to New York, where he planned to direct Conseco's CCP II. However, Conseco's headquarters remained in Carmel, and Hilbert planned to sustain his active management role there. 'This is what I love to do,' Hilbert proclaimed in the June 7, 1993, issue of the Indianapolis Business Journal. 'I think you'd hear the same thing if you were talking to Bill Gates or anyone else who has achieved success. ... It's their baby.'
How much was Conseco worth in 1989?
By 1989, Conseco's assets were valued at $5.2 billion. Although Conseco's rise was impressive, rampant acquisition and expansion had a downside for the holding company. By the late 1980s, Conseco had accumulated about twice as much debt as equity. In order to continue acquiring new companies, Hilbert knew that he would have to find a new source of funding that was not linked to debt-burdened Conseco. Therefore, in 1990 Hilbert organized Conseco Capital Partners (CCP), a limited partnership that included several well-financed companies. The company was intended to serve as the primary vehicle for new life insurance acquisitions. CCP's first acquisition was Great American Reserve Insurance Co. for $135 million. It also purchased Jefferson National Life Group in 1990 ($171 million) and Beneficial Standard Life in 1991 ($141 million).
What did Hilbert do to the insurance industry?
Importantly, though, Hilbert also searched for insurers that were inefficient and bloated with excess personnel. He slashed the aggregate workforce of the five companies he had purchased between 1985 and 1989, for example, from 850 to 450 by 1993. Conseco's 1989 annual report boasted that it had eliminated 83 percent of the employees from one of its acquisitions. Many of the cutbacks were accomplished by integrating Conseco's consolidated marketing, investment, and product development operations into the companies that it purchased. In addition, Conseco typically achieved significant efficiency gains by implementing advanced information and data processing systems.
What was Conseco's strategy in the 1980s?
Hilbert's strategy seemed relatively simple to most observers: purchase troubled insurance companies with potential and increase their value by turning them around. When Conseco went hunting for acquisition candidates, it looked for organizations with sound asset portfolios. For example, it avoided the many companies that in the 1980s had invested heavily in risky real estate and junk bonds. In addition, Hilbert sought firms that had developed unique insurance and annuity products or had devised innovative distribution systems for their offerings.
How much did Hilbert raise in the 1980s?
Although several regional securities firms laughed Hilbert and his five-page business plan back into the street, by the early 1980s he had raised $3 million in capital. In 1982, Hilbert acquired his first life insurance company, Executive Income Life Insurance Co., for $1.3 million.
When did Hilbert start his insurance company?
Just as he had done to sell encyclopedias in the mid-1960s, Hilbert started knocking on doors in the late 1970s. This time, however, he was looking for seed capital to fund his business startup, Security National of Indiana Corp. Although several regional securities firms laughed Hilbert and his five-page business plan back into the street, by the early 1980s he had raised $3 million in capital. In 1982, Hilbert acquired his first life insurance company, Executive Income Life Insurance Co., for $1.3 million. By slashing the fat and inefficiency out of his new purchase, Hilbert was able to return the ailing insurer to profitability after only one year.
When was Conseco Capital Management founded?
In 1992 , Conseco founded Conseco Capital Management, Inc. (CCM) to capitalize on its investment expertise. CCM provided a variety of financial and investment advisory services on a fee basis to both affiliated and nonaffiliated insurers. CCM was managing about $19 billion worth of assets going into 1994.