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General Question encountered today

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Author Message
Intern
Intern
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Joined: 29 Sep 2012
Posts: 23
Location: United States
Concentration: Finance, Technology
WE: Corporate Finance (Investment Banking)
Followers: 0

Kudos [?]: 7 [0], given: 67

General Question encountered today [#permalink] New post 08 Jul 2013, 02:13
Hello Fellow GMATters,

I was writing an analysis report today and found a statement written by my colleague.

Original statement:
Company X holds apprx 46% of Company Y's share capital will be entitled to designate two candidates

Modified statement:
Here i have two views in mind while changing the statement.

1. Mod Stmt: X holds appx 46% stake in Y and will be entitled to designate two candidates (completely on future basis)

2. Mod stmt: X holds apprx 46% stake in Y and is entitled to designate two candidate (as a whole, keeping in mind, the right to designate since the time they held the stake)

I often get confused when writing the shareholders agreement reports.
Please correct me in all aspects.

Thanks in advance!
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GMAT Pill Representative
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Joined: 07 Nov 2012
Posts: 346
Schools: LBS '14 (A)
GMAT 1: 770 Q48 V48
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Re: General Question encountered today [#permalink] New post 08 Jul 2013, 08:21
Hi - It's the second 1.

As a consequence of having 46% of the shares they have this right NOW. When they get to do it is in the future, but they have the right now.

Hope that helps.

James
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Intern
Intern
User avatar
Joined: 29 Sep 2012
Posts: 23
Location: United States
Concentration: Finance, Technology
WE: Corporate Finance (Investment Banking)
Followers: 0

Kudos [?]: 7 [0], given: 67

Re: General Question encountered today [#permalink] New post 09 Jul 2013, 21:17
plumber250 wrote:
Hi - It's the second 1.

As a consequence of having 46% of the shares they have this right NOW. When they get to do it is in the future, but they have the right now.

Hope that helps.

James


NOW. Check.
I was stuck on that little difference.
It helped.
Thank you so much,James.
_________________

Learn the Values. Knowledge comes by itself.

Re: General Question encountered today   [#permalink] 09 Jul 2013, 21:17
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