In 1984, shareholders were asked to approve the Kaiser complex leveraged buyout of the company. Students were asked to analyze the proposed transaction and make a recommendation. To do this, they need to determine who gets what in the transaction, whether and how any value created, or after the redemption of the company is solvent and adequately capitalized, and how the newly issued preferred shares worth it. Considering bankruptcy and accusations of fraud that followed in the 1984 LBO. Can be used with Kaiser Steel Corporation - 1987. "Hide
by Timothy A. Luehrman Source: Harvard Business School 20 pages. Publication Date: September 10, 1991. Prod. #: 292028-PDF-ENG
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