without getting caught. Well‚ it so turned out that they did get caught and lost millions because their reputations and stocks in Omnimedia were much more valuable than ImClone! 2. Was selling the shares illegal? If selling the shares was not illegal‚ was it unethical? Selling shares are not illegal; it’s all part of the stock market. However‚ when you have advanced knowledge like this case‚ it is border-line and extremely unethical. She was thinking only of herself and the profits
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legacy share in Q4 2007 equal before and after the merger? When synergies don’t exist‚ the following would be the effect‚ Before the deal:- Bank EPS (1) No. of outstanding shares (2) Earnings (=1*2) Bank of New York 0.64 751.8 million 481.152 million Mellon Financial 0.65 411.9 million 267.735 million Total 748.887 million After the deal:- Pre deal Earning per share of Mellon 0.65 No. of shares of Mellon post deal (*Cumulative total earnings/Pre deal EPS) 1152.13 million (=748.887/0.65) Shares of
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Names: Student Numbers: 055-051-130 Date: Nov 5‚ 2014 Course: IPS355 Section: BB Professor: William Weissglas Re: Journal #4 – Active Constructive Responding & Listening OTHERS EVENT #1 My co-worker shares an event---“I went back to China last month.” My response---“Really!‚that is awesome.I am so happy that you can go back to China.How was it ? Where did you go??” My co-worker response---“It was really amazing! I went back my hometown and I visited some of my friends. I traveled
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make the crucial number‚ earnings per share‚ look better. Ultimately‚ the goal for most companies is to smooth out bumps to show steady or consistent high growth. A company that shows steady growth with few surprises often gets regarded from investors via a high stock price which goes a long way towards keeping the executives’ stock options in the money. It may be that investors‚ who have been punishing companies with aggressive a/g by selling their shares‚ whose behaviour will determine whether
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office to talk about taxation matters. Whilst there‚ his accountant gave him a prospectus issued by Ionic Ltd.‚ a company listed on the Singapore Stock Exchange‚ to take home to read and if interested‚ to follow the instructions about investing in new shares in the company which were to be quoted on the Exchange. After reading the prospectus‚ Ah Beng was convinced that he was going to make a lot of money investing in the company which had stated that it had discovered a huge gold deposit in Western
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a way to raise capital in a company as opposed to issuing bonds. In some situations‚ preferred stock can be converted to common stock at a fixed amount‚ for example‚ 3 shares of preferred stock may be worth 6 shares of common stock. This would allow the preferred shareholder‚ who maintains all the perks of being a preferred share holder even though they now own common stock‚ the chance to participate in the growth of the company. Preferred stock also gives the company the ability to buy back stock
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after they become shareholders of the new company.) ................................................................ 4 Part 2 - Accretion vs. Dilution of Earnings per share ........................................... 5 Question 5: Based on the last closing stock prices‚ and assuming no synergies‚ what exchange ratio would leave the per share values of Mellon and BNY stock the same? (This is sometimes called “Zero premium” exchange ratio.) How does the actual exchange ratio differ from this number? Who
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COMPANY LAW ISSUE 1 MAIN ISSUE; Danny‚ who is one of the directors‚ doesn’t hold any shares at all in the company. LAW; Section 124 talks about “Qualification of Director” Section 124 (1) states that “Without affecting the operation of any of the preceding provisions of this Division‚ every director‚ who is by the articles required to hold a specified share qualification and who is not already qualified‚ shall obtain his qualification within two months after his appointment or such
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Surname Centre No. Candidate No. Paper Reference(s) Initial(s) Paper Reference Signature 6 0 0 2 6002/01 0 1 Examiner’s use only London Examinations GCE Accounting (Modular Syllabus) Advanced Level Unit 2: Corporate and Management Accounting Thursday 24 January 2013 – Afternoon Time: 3 hours Team Leader’s use only Question Leave Number Blank 1 2 3 4 5 6 Materials required for examination Nil Items included with question papers Source booklet 7 Instructions
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Section 246B (2) applies if a company’s constitution does not include a procedure for varying share rights (Tony & Christopher 2009). The relevant assumption in this problem is s246B (2) (d): “those rights may be varied or cancelled only by special resolution of the company and: (c) by special resolution passed at a meeting: (i) for a company with a share capital of the class of members holding shares in the class… (d) with the written consent of members with at least 75% of the votes in the class
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