Assume that you are the chief financial officer for a mutual fund that owns a significant
number of shares of New England Wire and Cable. Your task is to consider the
arguments made by each side (Mr. Jorgenson https://www.youtube.com/watch?v=Uundu-aPiBQ
Mr. Jorgenson and Mr. Garfield
https://www.youtube.com/watch?v=62kxPyNZF3Q
Mr. Garfield) as well as the
additional information provided in the two supporting documents you have received.
After careful consideration, prepare a concise report to give to your CEO. In the
report, evaluate the legitimacy of both arguments, considering both your Mutual Funds
responsibility to maximize shareholder wealth and the impact that accepting the tender
offer and closing the cable division has on the workers and the community.
Once you have evaluated both positions, complete the report by making a clear, well-
reasoned recommendation to either reject the tender offer, keeping the cable division
operating, or to accept the tender offer, closing down the division. Make sure to clearly
support and justify your recommendation using the information provided.
View this as a formal business report. It will be graded both on the quality of the
writing, and the quality of your (well-supported) recommendation. You are limited to
500 typed words.
