A asset right down with the introduction of a Trojan horse bid will be detrimental to both the common and equity shareholders. The company will come back with the equity holders taking a substantial hit and the common shareholders being mostlickly being wiped out.
Let’s look at how the numbers will read. If you take the bottom line on your cash flow statement and apply it to the par value of the issued stock.
-10/share + par
You then take your capital surplus and divide it by the par value. This will give you the number of shares the capital surplus represents. Take that figure and times it by the result of the first equation we gave you. That is the total projected loss in your the capital surplus figure given ie: inventory
You will have to calculate the bleed rate or positive cash flow rate should there be one.
The last step is to apply that loss to the short fall of required cash to meet a cash flow positive sinario.
This dog and pony show had few performances left unless a Trojan horse came to the rescue to save what is left of the equity partners position.
Good luck folks. Do your own DD and make sure you work those numbers correctly.
Hertz Global common shareholders will hold the tax credit for Athene. The proceeds from the sale of the said business will go too Hertz Global equity holders and part of the tax credit will be held by Hertz Global employees and employers ie: management.
The equity holders and pension holders will be paid out first then and only then the common share holders in the form of dividends will be paid. Common stock holders will be charged a tax on there dividends minus the tax credits. If you have not already taken advantage of disposing your tax credit position through an investment bank gift we suggest that you do. The process is much more cost effective then disposal through the use of the market system. Consult with your investment advisor.
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