It is my expectation that students will limit their research to the assigned readings when answering the exam questions. Question 1 Venture Capital is a partnership that acquires companies on behalf of its investors with the object of restructuring their operations to make them more profitable and to increase their value for subsequent resale. Venture Capital owns no companies that are engaged in the jewelry business. Believing it has found an excellent investment opportunity, Venture Capital has entered into two separate agreements to buy all of the assets of two companies, Barclay and Claridge, that manufacture and distribute high school class rings. Following the two acquisitions, Venture Capital plans to consolidate the operations of the two companies.
Class rings are rings manufactured and sold to high school students to commemorate their graduation.
Although students often purchase or receive other commemorative items at graduation, few students have switched to other types of commemorative jewelry when the price of class rings has increased significantly. Class rings are generally made of gold, silver or steel alloy metals and often include a precious stone, the school name, date of graduation and various other inscriptions. Students purchase their rings at their schools or at retail jewelry stores. The sale of class rings is a uniquely American phenomena. There are 4 major manufacturers of class rings.