Orne inc plans to make an offer for bairn inc orne


a) ORNE, Inc. plans to make an offer for BAIRN, Inc. ORNE estimates BAIRN's value of operations at $100 million. BAIRN has debt of 10 million, marketable securities of 5 million, and outstanding common shares of 3 million. Based on this information, value per common share is: 

1. 28.33 
2. 30.00 
3. $31.67 
4. $35.00 
5. None of the above

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