In the acquisition of PharMerica by Bergen Brunswig, how many shares of BBC stock were given for 1 share of PharMerica?
A. On April 26, 1999, the merger between PharMerica and Bergen was finalized. The conversion ratio was .275 share of BBC for each share of PharMerica. To determine the number of shares of BBC you now own, take the number of shares of PharMerica and multiply them by .275 and you will now have the number of BBC shares that you own.
Related Questions
- Why is Buffett using stock in this acquisition, when he objected to Kraft Foods using its shares in its proposed acquisition of Cadbury Plc., the British candy maker?
- Does Imation have a Stock Repurchase Program? How many shares have been repurchased and how many shares remain under the share repurchase authorization?
- In the acquisition of PharMerica by Bergen Brunswig, how many shares of BBC stock were given for 1 share of PharMerica?