Suppose Birdie is unwilling to pay cash for the merger but will consider a stock exchange. What

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Suppose Birdie is unwilling to pay cash for the merger but will consider a stock exchange.

What exchange ratio would make the merger terms equivalent to the original merger price of $68.75 per share?

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Corporate Finance

ISBN: 9780073105901

8th Edition

Authors: Jeffrey Jaffe, Bradford D Jordan

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