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Subject: cash from buyout invested in Index fund fin. Помогите, пожалуйста, разобраться со смыслом предложения, не могу понять, о чем речь:
If a firm is taken private, the cash from buyout is assumed to be invested in an S&P 500 Index fund until the company is spun off, at which point the shares are repurchased in the new IPO.Контекст: рассказывается о разных компаниях, входивших в S&P 500
Nabisco Group Holding was the company the Kohlberg Kravis Roberts & Co. (KKR) spun off in 1991 after taking RJR Nabisco private in 1989 gor $29 billion, at that time the largest leveraged buyout in history. Under our metodology for computing long-term returns, if a firm is taken private, the cash from buyout is assumed to be invested in an S&P 500 Index fund until the company is spun off, at which point the shares are repurchased in the new IPO*. RJ Reynolds Tobacco Co. had previously absorbed six original S&P companies: Penick & Ford, California Packing, Del Monte Foods, Cream of Wheat, Standard Brands, and National Bisquit.
* If the firm remains private, the returns are assumed to accumulate at the level as the S&P Index. Заранее благодарю!
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