21.4 Yes. Look again at Table 21-4. Total market value is still $540, but Cislunar will have...
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21.4 Yes. Look again at Table 21-4. Total market value is still $540, but Cislunar will have to issue 1 million shares to complete the merger. Total shares in the merged firm will be 11 million. The postmerger share price is $49.09, so Cislunar and its shareholders still come out ahead.
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Related Book For 
Fundamentals Of Corporate Finance
ISBN: 9780073382302
6th Edition
Authors: Richard A Brealey, Stewart C Myers, Alan J Marcus
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