http://www.soapcrafts.org/offer-premium/
Should Acme make a deal if its policy is to never exceed a 20% premium in any tender offer?
What exactly does this mean? You can't answer the question directly, but what does "never excreed a 20% premium" mean when relating to valuing a firm using DCF methodolgy. 20% of the market share price? The difference between the market and intrinsict price? Or the margin between the two? Or none of those?
The term tender offer generally means an offer to buy a public company's shares with a condition that the acquiror will only buy the shares if a minimum number of shares are submitted for sale (hence, the acquiror is asking for people to "tender" their shares).
I would assume that your reference then means that Acme has a policy of not offering more than 20% above the current trading price.
It could mean, however, that Acme's policy is to make a DCF analysis to derive an intrinsic value and only make a tender that is 20% above that value (at whatever per share result that results in).
This sounds like a question out of a book. More facts around Acme's situation would be needed. Generally, if a tender is hostile an acquiror doesn't have enough access to books to make a great valuation analysis.
 |
 AUTUMN LODGE FRAGRANCE OIL 1 OZ PREMIUM SPECIAL OFFER $5.27 Time Remaining: 9h 31m Buy It Now for only: $5.27 |
 MYRRH FRAGRANCE OIL 1 2 OZPremium SPECIAL OFFER $3.59 Time Remaining: 15h 57m Buy It Now for only: $3.59 |
 HALO FRAGRANCE OIL 1 2 OZPremium SPECIAL OFFER $3.49 Time Remaining: 19h 50m Buy It Now for only: $3.49 |
 CHRISTMAS EVE FRAGRANCE OIL 1 OZ SPECIAL OFFER Premium $4.99 Time Remaining: 19h 51m Buy It Now for only: $4.99 |
 PATCHOULI FRAGRANCE OIL 1 OZ 30ml Premium GRADE SPECIAL OFFER SCENTSATIONOILS $5.60 Time Remaining: 20h 54m Buy It Now for only: $5.60 |
 ORANGE BLOSSOM FRAGRANCE OIL 1 2 OZ 15ml Premium GRADE SPECIAL OFFER $3.57 Time Remaining: 20h 59m Buy It Now for only: $3.57 |
 COCONUT FRAGRANCE OIL 1 2 OZ Premium SPECIAL OFFER $3.49 Time Remaining: 1d 8h 12m Buy It Now for only: $3.49 |
 MIMOSA FRAGRANCE OIL 1 OZ Premium SPECIAL OFFER $5.16 Time Remaining: 1d 8h 20m Buy It Now for only: $5.16 |
 MISTLETOE FRAGRANCE OIL 1 OZ Premium FREE OFFER $4.99 Time Remaining: 1d 9h 17m Buy It Now for only: $4.99 |
 ANGEL FRAGRANCE OIL 1 2 OZ Premium Perfume FREE OFFER $3.49 Time Remaining: 1d 15h 31m Buy It Now for only: $3.49 |
 RIVE FRAGRANCE OIL 1 OZ Premium Perfume FREE OFFER $5.39 Time Remaining: 1d 18h 2m Buy It Now for only: $5.39 |
 DK FRAGRANCE OIL 1 OZ Premium SPECIAL OFFER perfume $5.35 Time Remaining: 1d 19h 51m Buy It Now for only: $5.35 |
 PUMPKIN PIE FRAGRANCE OIL 1 OZ Premium SPECIAL OFFER $7.99 Time Remaining: 2d 17h 12m Buy It Now for only: $7.99 |
 LOVE SPELL FRAGRANCE OIL 1 2 OZ SPECIAL OFFER Premium $5.59 Time Remaining: 3d 8h 26m Buy It Now for only: $5.59 |
 PUMPKIN PIE FRAGRANCE OIL 1 OZ Premium FREE OFFER $5.17 Time Remaining: 3d 22h 25m Buy It Now for only: $5.17 |
 NAG CHAMPA FRAGRANCE OIL 1 OZ Premium SPECIAL OFFER $8.99 Time Remaining: 4d 9h 2m Buy It Now for only: $8.99 |
 BLACKBERRY FRAGRANCE OIL 1 OZ PREMIUM SPECIAL OFFER SCENTSATIONOILS $5.23 Time Remaining: 4d 20h 7m Buy It Now for only: $5.23 |
 LEATHER FRAGRANCE OIL 1 OZ Premium SPECIAL OFFER $5.39 Time Remaining: 4d 22h 30m Buy It Now for only: $5.39 |
 COCONUT FRAGRANCE OIL 1 OZ Premium SPECIAL OFFER $5.19 Time Remaining: 5d 13h 59m Buy It Now for only: $5.19 |
 PATCHOULI FRAGRANCE OIL 1 OZ 30ml Premium SPECIAL OFFER $8.99 Time Remaining: 6d 12h 41m Buy It Now for only: $8.99 |
 BALSAM FIR FRAGRANCE OIL 1 OZ Premium SPECIAL OFFER $5.15 Time Remaining: 6d 13h 25m Buy It Now for only: $5.15 |
 VIOLET FRAGRANCE OIL 1 2 OZ Premium SPECIAL OFFER $3.47 Time Remaining: 6d 17h 3m Buy It Now for only: $3.47 |
 VIOLET FRAGRANCE OIL 1 OZ Premium SPECIAL OFFER $5.15 Time Remaining: 6d 17h 8m Buy It Now for only: $5.15 |
 SWEET PEA FRAGRANCE OIL 1 OZ Premium SPECIAL OFFER $5.36 Time Remaining: 7d 9h 56m Buy It Now for only: $5.36 |
 MIMOSA FRAGRANCE OIL 1 2 OZ FREE OFFER PREMIUM $3.59 Time Remaining: 7d 14h 12m Buy It Now for only: $3.59 |
 VIOLET FRAGRANCE OIL 1 OZ Premium Grade SPECIAL OFFER $8.99 Time Remaining: 7d 22h 36m Buy It Now for only: $8.99 |
 AMBER WHITE FRAGRANCE OIL 1 OZ Premium SPECIAL OFFER $5.39 Time Remaining: 8d 10h 42m Buy It Now for only: $5.39 |
 FRESH RAIN FRAGRANCE OIL 1 OZ SPECIAL OFFER Premium $5.24 Time Remaining: 8d 15h 1m Buy It Now for only: $5.24 |
 PEAR FRAGRANCE OIL 1 OZ Premium GradeSPECIAL OFFER $5.15 Time Remaining: 8d 15h 2m Buy It Now for only: $5.15 |
 TWILIGHT FRAGRANCE OIL 1 2 OZ PREMIUM SPECIAL OFFER $3.56 Time Remaining: 9d 9h 47m Buy It Now for only: $3.56 |
 NAG CHAMPA FRAGRANCE OIL 1 2 OZ Premium Grade SPECIAL OFFER SCENTSATIONOILS $3.53 Time Remaining: 9d 10h 51m Buy It Now for only: $3.53 |
 CINNAMON FRAGRANCE OIL 1 OZ PREMIUM SPECIAL OFFER $5.21 Time Remaining: 10d 10h 20m Buy It Now for only: $5.21 |
 PASSION FRUIT FRAGRANCE OIL 1 OZ SPECIAL OFFER PREMIUM $5.31 Time Remaining: 10d 16h 19m Buy It Now for only: $5.31 |
 BEAUTIFUL FRAGRANCE OIL 1 OZ Premium SPECIAL OFFERSCENTSATIONOILS PERFUME $5.45 Time Remaining: 10d 17h 24m Buy It Now for only: $5.45 |
 HARVEST FRAGRANCE OIL 1 2 OZ Premium FREE OFFER $3.37 Time Remaining: 10d 18h 11m Buy It Now for only: $3.37 |
 DOLCE FRAGRANCE OIL 1 2 OZ W Premium SPECIAL OFFER $3.49 Time Remaining: 10d 19h 52m Buy It Now for only: $3.49 |
 VANILLA LACE FRAGRANCE OIL 1 OZ PREMIUM SPECIAL OFFER $5.45 Time Remaining: 10d 21h 16m Buy It Now for only: $5.45 |
 BABY POWDER FRAGRANCE OIL 1 2 OZ 15ml Premium SPECIAL OFFER SCENTSATIONOILS $3.39 Time Remaining: 11d 10h 17m Buy It Now for only: $3.39 |
 MUSK FRAGRANCE OIL 1 OZ 30ml PREMIUM GRADE Scentsationoils SPECIAL OFFER $5.29 Time Remaining: 11d 10h 19m Buy It Now for only: $5.29 |
 CREME BRULEE FRAGRANCE OIL 1 OZ SPECIAL OFFERPremium GRADE SCENTSATIONOILS $2.27 Time Remaining: 11d 10h 21m Buy It Now for only: $2.27 |
 FRESH LINEN FRAGRANCE OIL 1 2 OZ PREMIUM FREE OFFER $3.39 Time Remaining: 11d 11h 5m Buy It Now for only: $3.39 |
 DIVINE FRAGRANCE OIL 1 2 OZ PREMIUM SPECIAL OFFER $3.49 Time Remaining: 11d 11h 7m Buy It Now for only: $3.49 |
 VERY SEXY FRAGRANCE OIL W PREMIUM SPECIAL OFFER $3.55 Time Remaining: 11d 11h 30m Buy It Now for only: $3.55 |
 ANGEL WINGS FRAGRANCE OIL 1 2 OZ PREMIUM FREE OFFER $3.48 Time Remaining: 11d 11h 32m Buy It Now for only: $3.48 |
 DULCE de LECHE FRAGRANCE OIL 1 2 OZ PremiumFREE OFFER $3.39 Time Remaining: 11d 13h 36m Buy It Now for only: $3.39 |
 KEY LIME PIE FRAGRANCE OIL 1 2 OZ Premium FREE OFFER $3.39 Time Remaining: 11d 16h 43m Buy It Now for only: $3.39 |
 HEAVEN FRAGRANCE OIL 1 2 OZ Premium SPECIAL OFFER $3.69 Time Remaining: 11d 16h 43m Buy It Now for only: $3.69 |
 CRANBERRY FRAGRANCE OIL 1 2 OZ FREE OFFERPremium $3.43 Time Remaining: 11d 16h 46m Buy It Now for only: $3.43 |
 PINEAPPLE FRAGRANCE OIL 1 2 OZ PREMIUM FREE OFFER $3.38 Time Remaining: 11d 17h Buy It Now for only: $3.38 |
 FENG SHUI EARTH FRAGRANCE OIL 1 2 OZ PREMIUM FREE OFFER $3.48 Time Remaining: 11d 17h 9m Buy It Now for only: $3.48 |
 EGG NOG FRAGRANCE OIL 1 2 OZ PREMIUM FREE OFFER $3.39 Time Remaining: 11d 18h 59m Buy It Now for only: $3.39 |
 CREME BRULEE FRAGRANCE OIL 1 2 OZ SPECIAL OFFER Premium $3.59 Time Remaining: 11d 20h 39m Buy It Now for only: $3.59 |
 ALOHA FRAGRANCE OIL 1 OZ Premium SPECIAL OFFER $5.16 Time Remaining: 12d 8h 8m Buy It Now for only: $5.16 |
 VERY SEXY FRAGRANCE OIL 1 2 OZ M PremiumFREE OFFER $3.69 Time Remaining: 12d 10h 1m Buy It Now for only: $3.69 |
 MIMOSA FRAGRANCE OIL 1 2 OZ FREE OFFER PREMIUM $3.39 Time Remaining: 12d 13h 7m Buy It Now for only: $3.39 |
 PEPPERMINT FRAGRANCE OIL 1 2 OZ Premium FREE OFFER $3.33 Time Remaining: 12d 13h 10m Buy It Now for only: $3.33 |
 LEMON CHIFFON FRAGRANCE OIL 1 2 OZ Premium FREE OFFER $3.33 Time Remaining: 12d 13h 22m Buy It Now for only: $3.33 |
 DNY FRAGRANCE OIL W 1 2 OZ PREMIUM SPECIAL OFFER $3.49 Time Remaining: 12d 13h 35m Buy It Now for only: $3.49 |
 PEPPERMINT FRAGRANCE OIL 1 OZ PREMIUM SPECIAL OFFER $5.19 Time Remaining: 12d 15h 2m Buy It Now for only: $5.19 |
 CHRISTMAS EVE FRAGRANCE OIL 1 2 OZ FREE OFFER Premium $3.48 Time Remaining: 12d 15h 9m Buy It Now for only: $3.48 |
 GERANIUM FRAGRANCE OIL 1 2 OZ PREMIUM FREE OFFER $3.33 Time Remaining: 12d 15h 48m Buy It Now for only: $3.33 |
 ANGEL WINGS FRAGRANCE OIL 1 OZ SPECIAL OFFER Premium $5.19 Time Remaining: 12d 20h 40m Buy It Now for only: $5.19 |
 HEAVENLY FRAGRANCE OIL 1 2 OZ Premium SPECIAL OFFER $3.69 Time Remaining: 12d 21h 56m Buy It Now for only: $3.69 |
 POMEGRANATE FRAGRANCE OIL 1 2 OZ Premium FREE OFFER $3.38 Time Remaining: 13d 8h 19m Buy It Now for only: $3.38 |
 POISONS FRAGRANCE OIL 1 2 OZ Premium SPECIAL OFFER $3.69 Time Remaining: 13d 8h 41m Buy It Now for only: $3.69 |
 BANANA NUT BREAD FRAGRANCE OIL 1 OZ FREE OFFER Premium $4.99 Time Remaining: 13d 9h 2m Buy It Now for only: $4.99 |
 BLACK COCONUT FRAGRANCE OIL 1 OZ SPECIAL OFFER PREMIUM $5.26 Time Remaining: 13d 9h 5m Buy It Now for only: $5.26 |
 ANGEL WINGS FRAGRANCE OIL 1 OZ FREE OFFER Premium $5.19 Time Remaining: 13d 9h 13m Buy It Now for only: $5.19 |
 FENG SHUI WATER FRAGRANCE OIL 1 OZ Premium FREE OFFER $5.17 Time Remaining: 13d 20h 23m Buy It Now for only: $5.17 |
 YUZU FRAGRANCE OIL 1 OZ Premium SPECIAL OFFER $4.99 Time Remaining: 13d 23h 2m Buy It Now for only: $4.99 |
 AMBER WHITE FRAGRANCE OIL 1 2 OZ PREMIUM SPECIAL OFFER $3.49 Time Remaining: 14d 8h 38m Buy It Now for only: $3.49 |
 BABY POWDER FRAGRANCE OIL 1 OZ Premium Grade SPECIAL OFFER SCENTSATIONOILS $5.19 Time Remaining: 14d 17h 8m Buy It Now for only: $5.19 |
 VERY VANILLA FRAGRANCE OIL 1 2 OZ PREMIUM FREE OFFER $3.49 Time Remaining: 14d 18h 20m Buy It Now for only: $3.49 |
 MISTLETOE FRAGRANCE OIL 1 OZ Premium SPECIAL OFFER $5.15 Time Remaining: 15d 8h 18m Buy It Now for only: $5.15 |
 HEAVENLY FRAGRANCE OIL 1 OZ Premium SPECIAL OFFER $5.55 Time Remaining: 15d 9h 23m Buy It Now for only: $5.55 |
 AMBER FRAGRANCE OIL 1 2 OZ Premium SPECIAL OFFER $3.49 Time Remaining: 15d 9h 26m Buy It Now for only: $3.49 |