Solvent S.A. Part: B

IE code:
GE1-119-B
Language:   Spanish
also available in English
Format:  
PDF
Nr. Of Pages:
2
Academic Area:
Type of publication:
Case Study

Description

This is the second part of the Solvent S.A. case. It describes what happened after Santos announced that he and his son would either sell all of their shares or buy shares until they owned 51% of the company. Shareholders were hit by another surprise when Dangond then decided that he did not want to be a minority shareholder so if Santiago were to sell, he would too.

Since the shareholders wanted to keep the company, they secured a loan to buy the shares but then the 42 percent group decided to reject their offer and to increase the price. They continued to negotiate the share price but it ended up being too high so the 58 percent group sold its total share in Solvent. Although they received a lot of cash, they ended up losing their company and breaking up their family.