and financial structure of the Fojtasek companies had been in flux since the spring of 1994. By March 1995‚ three different financial transactions have been proposed to streamline and restructure the firm: an outright acquisition‚ a leveraged recapitalization‚ and a hybrid transaction called “Private IPO.” Heritage Partners is interested in taking a stake in the Fojtasek Companies by proposing a“Private IPO” transaction. The paper will analyze the health of the Fojtasek companies and the economic
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Cuba experienced great inequality despite their contributions to the revolution. Many women did join the revolution and began a revolution within the revolution to increase women’s involvement in society. They created the Federation of Cuban Women (FMC) to help get women out of the home and into the workforce. However‚ the attitude of the country still saw women as homemakers despite Fidel Castro‚ the Cuban government‚ and the revolutionaries wanting women to be directly involved and join the labor
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Chlor-alkali is an industrial process widely used to produce chlorine‚ caustic soda‚ and other chlorine and sodium derived/based products such as sodium hypochlorite‚ hydrochloric acid‚ chlorosulphonic acid‚ bleaching power‚ polyaluminium chloride‚ hydrogen gas‚ and chlorinated paraffin. The process uses brine (sodium chloride) solution during electrolysis to produce aforesaid products which are also known as Chlor-Alkali Industry /market products. The report estimates the market size of Chlor-Alkali
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Banking Crisis and Instruments to Deal With Them: Bank Intervention and Resolution of Weak Banks I. Introduction Accounting for trillions in assets worldwide‚ the banking system is a crucial component of the global economy. The health of an economy and the health of the banks have been strongly correlated because of critical role of the banking system as a financial intermediation‚ payment system etc. So there could also be a situation that the problems not related to banking system can
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CHAPTER 13 CAPITAL STRUCTURE AND LEVERAGE (Difficulty: E = Easy‚ M = Medium‚ and T = Tough) Multiple Choice: Conceptual Easy: Business risk Answer: c Diff: E [i]. A decrease in the debt ratio will generally have no effect on . a. Financial risk. b. Total risk. c. Business risk. d. Market risk. e. None of the above is correct. (It will affect each type of risk above.) Business risk Answer: d Diff: E [ii]. Business risk
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| FI475-Project Study | Six Derivatives Mishaps | 2012/5/8 | Sumitomo (future contracts) Background: 1996‚ Sumitomo Corporation was one of the top copper market makers in the world. During the over 10 years under Hamanaka‚ who was a genius charged on allegations that he could manipulate the price of the metal‚ Sumitomo lost at least $1.8 billion as a result of what it said were unauthorized trades‚ which then lost a third of its value on world markets in less than two months. The affair was
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Debt Policy at UST Attributes and Risks of UST UST is the market leader in the moist tobacco segment. In a struggling tobacco industry‚ UST has shown consistent growth over the past few decades. Despite the decrease in demand for smoked (cigarette) tobacco‚ there is a growing demand for UST’s products. The perception that smokeless tobacco is healthier than smoked tobacco has helped the company to build a strong customer base. Therefore‚ despite some legislative setbacks‚ the company is growing
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Bank’s acquisition by BoA) 1.1 BACKGROUND OF THE STUDY Amidst the concerns raised that Ghana has too many banks and the Ghc 60 million recapitalization requirements for indigenous banks‚ the Bank of Ghana is urging mergers and acquisition among the country’s banks. This comes in response to fears that the local banks can hardly meet the recapitalization requirement without losing their indigenous identities to foreign entities. The foreign-owned banks all met the requirement last year but industry
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Executive Summary Holding nearly 80% of the market share in the smokeless tobacco industry‚ UST Inc. has been generating large and stable income. However‚ the leading company in a certain industry tends to react slowly to market share erosion by competing firms and lack of creativity in the introduction of new product‚ a situation UST Inc. is now undergoing. Concerning the declining sales growth and gradual loss of the market share‚ UST Inc. is now considering recapitalizing by issuing debt
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Financial Market include Regulators‚ Stock Exchanges‚ Commodities Exchanges and the Depositories. The regulators include: 1) Securities and exchange board of India (SEBI) that governs the Equity markets and Depositories. 2) Forward Market Commision (FMC) that governs Commodities markets. 3) Reserve Bank of India (RBI) that governs Banks and Fixed Income Money Markets. The three regulatory bodies don’t interfere in one anothers area ‚ though the regulatory frame work of SEBI and RBI overlap to some
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