FIN 3717 Chapter : Group5JohnMCase
Document Summary
In march 1985, anthony johnson, vice president of finance and administration at the john m. case company, was working on a proposal to purchase the company itself. A few weeks prior, mr. case, board chairman, president, and sole owner of the company, informed top management that he intended to begin the process of putting up the company for sale. The john m. case company was established in 1920 and was the leading producer of business calendars in the united states, with an estimated 60-65% of the market share for nearly a decade. The company had enjoyed a profit every year since. 1932, and in the five years leading up to 1984 sales had increased 7% a year. Earnings however, had more than doubled due to cost reductions, with earnings in the fiscal year. 1984 reaching ,966,000, a return on average invested capital of about 20%.
