TBS 907- Assignment 2- Spring 20051

TBS 907- Assignment 2- Spring 20051 - TBS 907- FINANCIAL...

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Unformatted text preview: TBS 907- FINANCIAL STRATEGY SPRING 2005 ASSIGNMENT 2- CALCUALTION AND ANALYSIS Deadline: Week 8 (March 14, 2005) Weighting: 25% PART A Manu plc, a quoted company, is considering making an offer for the shares of the privately owned Europa Inc.. Relevant financial information on the two companies is as follows: ----------------------------------------------------------------------------------------------------- $000 Manu Europa ----------------------------------------------------------------------------------------------------- Land and buildings 7 600 1200 Plant and machinery 8 400 2420 Current assets 7 420 2100 Current liabilities 4 920 1600 Financed by: Ordinary shares* 2 000 540 Share premium 6 500 1600 Revenue reserves 5 300 1980 Long-term debt 4 700 - *Manu 50 cents shares, Europa 25 cents shares Turnover 11 000 2400 Profit after taxation 1 400 500 Dividend 600 200 Retained earnings 800 300 Expected growth in dividends 8% 10% Market price 350 cents -----------------------------------------------------------------------------------------------------...
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TBS 907- Assignment 2- Spring 20051 - TBS 907- FINANCIAL...

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