Newscorp entered into an agreement to purchase all of the outstanding shares of Dow Jones and Company
Question:
Newscorp entered into an agreement to purchase all of the outstanding shares of Dow Jones and Company for $60 per share. The number of outstanding shares at the time of the announcement was 82 million. The book value of interest-bearing liabilities on the balance sheet of Dow Jones was $1.46 billion. What was the cost of this acquisition to the shareholders of Newscorp?
AppendixLO1
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Analysis For Financial Management
ISBN: 9780071276269
9th International Edition
Authors: Robert C. Higgins
Question Posted: