Dye Trucking raised $150 million in new debt and used this to buy back stock. After the recap, Dye's stock price is $7.5. If Dye had 60 million shares of stock before the recap, how many shares does it have after the recap?© BrainMass Inc. brainmass.com June 4, 2020, 12:09 am ad1c9bdddf
The repurchase would not change the value of the firm and so the ...
The solution explains how to calculate the number of shares after the recapitalization briefly and clearly.