Loki, Inc., and Thor, Inc., have entered into a stock-swap merger agreement whereby Loki will pay a

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Loki, Inc., and Thor, Inc., have entered into a stock-swap merger agreement whereby Loki will pay a 36% premium over Thor’s premerger price. If Thor’s premerger price per share was $43 and Loki’s was $45, what exchange ratio will Loki need to offer?

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Fundamentals Of Corporate Finance

ISBN: 9781292437156

5th Global Edition

Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford

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