Skip to main content
Article
The PCCW going private saga : what is a fair deal?
Issues in Accounting Education
  • Lai Sheung, Suwina CHENG, Lingnan University
Document Type
Journal article
Publication Date
2-1-2013
Publisher
American Accounting Association
Keywords
  • Going private; buyout; firm value; business ethics; minority shareholder protection; PCCW
Disciplines
Abstract
This instructional case discusses the process and maneuvers of a going private scheme in which the controlling shareholders of Pacific Century CyberWorks (PCCW) proposed to buy out all the shares of the minority shareholders and to then delist the company. The case highlights the importance of applying accounting knowledge in evaluating the value of a company. It also exposes students to the real-world ethical issues relating to vote manipulation and minority shareholder protection in the voting process of a going private deal.
DOI
10.2308/iace-50299
E-ISSN
15587983
Publisher Statement

Copyright © 2013 American Accounting Association.

Access to external full text or publisher's version may require subscription.

Full-text Version
Publisher’s Version
Citation Information
Cheng, S. L. S. (2013). The PCCW going private saga: What is a fair deal? Issues in Accounting Education, 28(1), 93-114. doi: 10.2308/iace-50299