Simon Manufacturing Co.is planning to acquire Garfunkel Engineering in a cash plus stock buyout.Garfunkel has 2,000,000 shares of common stock currently outstanding,and the market price is currently at $25 per share.The buyout would offer to purchase Garfunkel Engineering common stock for $19.50 per share,plus a newly issued share of Simon Manufacturing convertible preferred stock,valued at $13.75 per share.
Simon Manufacturing's investment dealer has suggested,as an alternative,a single-stage buyout at $32.50 per share for all of Garfunkel's common stock.

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The Answer of Simon Manufacturing Co.is planning to acquire Garfunkel Engineering in a cash plus stock buyout.Garfunkel has 2,000,000 shares of common stock currently outstanding,and the market price is currently at $25 per share.The buyout would offer to purchase Garfunkel Engineering common stock for $19.50 per share,plus a newly issued share of Simon Manufacturing convertible preferred stock,valued at $13.75 per share.
Simon Manufacturing's investment dealer has suggested,as an alternative,a single-stage buyout at $32.50 per share for all of Garfunkel's common stock.