21 Bid Offers Falcon plc and Thor plc have entered into a stock swap merger agreement whereby...

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21 Bid Offers Falcon plc and Thor plc have entered into a stock swap merger agreement whereby Falcon will pay a 30 per cent premium over Thor’s pre-merger price of £30. If Falcon’s pre-merger price was £40, what exchange ratio will Falcon need to offer?

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Corporate Finance

ISBN: 9781526848093

4th Edition

Authors: David Hillier

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