In may 1988, Elizabeth Thorp, treasurer or Continental Carriers, Inc.(CCI), was considering the advantages and disadvantages of several alternative methods of financing CCI's acquisition of midland Freight, Inc. At a recent meeting of the board of directors, there had been substantial disagreement as to the best method of financing the acquisition. After the meeting, Ms.Thorp had been asked by John Evans, president of CCI, to assess the argument presented by the various directors and to outline a position to be taken by management at the june directors' meeting.
In may 1988, Elizabeth Thorp, treasurer or Continental Carriers, Inc. (CCI), was considering the advantages and disadvantages of several alternative methods of financing CCI's acquisition of midland Freight, Inc. At a recent meeting of the board of directors, there had. been substantial disagreement as to the best method of financing the acquisition. After the meeting, Ms.Thorp had been asked by John Evans, president of CCI, to assess the argument presented by the various directors and to outline a position to be taken by management at the june directors' meeting.
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