Question
A target company has an issued capital of 290 million shares trading at $3.54. The acquirer expects synergies from an acquisition with a present value
A target company has an issued capital of 290 million shares trading at $3.54. The acquirer expects synergies from an acquisition with a present value of $220 million. What is the maximum offer price for the target company?
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Financial Management Theory and Practice
Authors: Eugene Brigham, Michael Ehrhardt, Jerome Gessaroli, Richard Nason
2nd Canadian edition
176517308, 978-0176517304
