28-15. ABC has 1 million shares outstanding, each of which has a price of $20. It has made a takeover
offer of XYZ Corporation which has 1 million shares outstanding, and a price per share of $2.50.
Assume that the takeover will occur with certainty and a
1. Does Broadway benefit from acquiring Landmark? How can Harris justify a $120
million bid for Landmark?
From multiple viewpoints Broadway will most definitely benefit from the acquisition of
Landmark Facility Solutions. This is due to a number of key fa