Pipe Corporation is very interested in acquiring all of Ore Corporation.It currently owns 30%,which it purchased 6 years ago for $250,000.Pipe is a manufacturer of plumbing pipes with assets valued at $3 million and liabilities of $1 million.Ore supplies Pipe with copper from its mines that are valued at $4 million with $3 million in mortgages.Pipe negotiates the restructuring with Ore's management.Pipe is concerned about potential environmental issues from the strip mining used by Ore and feels it needs liability protection.
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