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Ockley has recently received formal notification of a bid for its entire share capital by Capel, one of its competitors. The directors and shareholders are in favour of the bid; the directors are themselves significant shareholders. The finance director of Ockley has recently presented forecasts of Ockley's future profitability to a meeting of Ockley's board. The forecasts will be used when determining the price to be paid for Ockley's shares. However questioning by one of the non-executive directors revealed that many of the assumptions used by the finance director were very contentious and over-optimistic. The board decided that the finance director should prepare a revised forecast using more realistic assumptions. Which of Tucker's five questions are likely to have contributed to this decision? A. Right? B. Legal? C. Sustainable? D. Profitable? E. Fair? |