Page 111 - CL How to Read a Case Study

The CEO thought about this called an extraordinary meeting

of the board and made some suggestions at the meeting:

• Issue interim accounts to aid an increase in share value

e.g. increased dividend, future prospects etc.

• Re-value one third of all centers on a rolling basis to

ensure the book value of the company does not

contain any hidden value.

• Engage immediately in sale and lease-back of a major

proportion of the centers

• Institute a programme of borrowing to increase the

debt ratio making the company less attractive for

takeover