1. Molex is planning on merging with Perini. Molex currently has 120,000 shares of stock outstanding at a market price of $61 a share. Perini has 60,000 shares outstanding at a price of $42 a share. The merger will create $570,000 of synergy. How many of its shares should Molex offer in exchange for all of Perini's share if it wants its acquisition cost to be $2,840,000?

		45,456
		43,712
		44,148
		44,584
		45,020

2. Solis has earnings per share of $2.20. It has 10 million shares outstanding and is trading at $25 per share. Solis is thinking of buying Universal, which has earnings per share of $1.40, 4 million shares outstanding, and a price per share of $18. Solis will pay for Universal by issuing new shares. There are no expected synergies from the transaction. If Solis offers an exchange ratio such that, at current pre-announcement share prices for both firms, the offer represents a 20% premium to buy Universal, then what should be the price per share of the combined corporation after the merger?

		$23.93
		$24.42
		$24.91
		$25.40
		$25.89