f423c2m - UNIVERSITY OF ROCHESTER William E Simon Graduate...

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Unformatted text preview: UNIVERSITY OF ROCHESTER William E. Simon Graduate School of Business Administration Finance 423 Professor G. William Schwert Corporate Financial Policy & Control Spring 2000 Maxus v. Kidder Peabody, Ivan Boesky, Martin Siegel, etal. Plaintiff's Expert Witness Study the information from Dow Jones News Retrieval in Appendix A, below, about the litigation between Maxus Corp and Kidder Peabody. Your group has been hired to represent Maxus today, May 1, 2000. Your job is to analyze the stock price performance of Natomas and Maxus (formerly Diamond Shamrock) from January-August 1983 and estimate the damages, if any, caused by the illegal trading activity of Ivan Boesky and Martin Siegel. In particular, did Diamond Shamrock pay too much in its merger negotiations with Natomas? Based on Boesky's trading records, it is known that he started buying Natomas stock on February 4, 1983, and by March 9 he had accumulated over 1.5 million shares at a cost of about $ 23.8 million. Because of the run-up in Natomas' stock price, Diamond Shamrock canceled a tender offer it had planned on March...
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