Question

please, I need this. step by step with formulas.Avoid using excel

CASE 34 National Brands vs. A-1 Holdings Friday afternoon, 5:30 At on stockholders. He's got some plan restructure the company around a six- member board of directors instead of the 15 we have now. Now he's trying to do it anyway, whether we like it or not!" "Looks like it," Maria agreed, "so what do you think we should do?" "OK, get ahold of Tom Straw, the chief operating officer, and Doris Faraday in finance, and tell them to get up here for a meeting right away," Bill directed. "Oh, and have Stan Lindner from public relations come, too; we're sure to have a press release about this, and-oh, wait-call my wife, too, and tell her I won't be home until late tonight." After about half an hour, those that Bill had called began arriving, armed with pencils, papers, and calculators in anticipation of the coming session. Bill, in the meantime, had managed to compile some financial data about A-1 Holdings, which he had summarized on a sheet of paper along with comparable data on his own company, National Brands, (see Figure 1). He passed the sheet around among the others "OK, let's start with what we know," Bill led off. "A-1 already has 5 percent of our outstanding shares, and is making a bid for the rest at $55, or 7 1/8 over market." January 22, 2016, Bill Hall, the chairman and CEO of National Brands, Inc., was clearing up the last of the papers on his desk and looking forward to a relaxing weekend. It had been a good week. The company's annual results were in, and they showed that 2015 had been the best year in the company's history. Sales and net income were up over 8 percent from last year, and there was over $1.1 billion dolllars in the cash and equivalents account to invest in the coming year. The phone rang. It was Maria Ortiz, his secretary. "Did you hear the latest on the newswire?" Maria asked. "No, what's up?" Bill replied, with a suspicious feeling that his evening wasn't going to be so relaxing after all. "Kelly O'Brien, head of A-1 Holdings, just announced that he's bought 5 percent of our outstanding shares, and now he's making a tender offer for all the rest at $55.* "I knew it!" Bill spat out. "He was in nere just a few weeks ago, talking about whether we would sell the company to him. We turned down his offer because we want say independent, and he left after we weren't looking out for our implying ittan

Answer 1

Basie Dali Sthase wite AL Arau nith Ntiginl 5 % hau 55das -7 113040, 00 D Cask) mite Netuaial afen pare Gn tal rash Aea ed 55/shace Aea hed o mpany Cmaining LuB 640 000x55

1.6) A-1 plaus t bossow DAnouut womey ARAUiAed to WAuauntligud asel hand 13SL,S00,000 Anauul neuds t bossao Ci-ii) 4518 4.ob, AL's hial dabl So tal diht bape busowinA1 l Awouul bossauwed Cb) Golal dibk Naliesial i)Tolal deb 1,841,500,00D Re 4513 400, 000 2lo, 800, 0DD AI Cittn) %,583, 200000

Debt &uily Raho Grtel Debl lal Equity 845, 000,000 (3iven) The ideal dabl 04uity rali coMapamu k aound wes 1.5 ndicale hugh have Ghe hatio gl. 5t dibl the coupauy So ith this satio it is liely that will not be able to obtain debt finaniung AL neress ay

1.4) (6s uiug dliee i Amoune nuded i) Paie per dbek issud by Al ti) Numbe hare AL hawe toissue Ci/i) = 4,513 400,o00 18 84t 184, 615.38