Question
AAA just bought TTT using a stock deal. Before the merger AAA had 1,000 shares at a price of $150. TTT had 1,000 shares at
AAA just bought TTT using a stock deal. Before the merger AAA had 1,000 shares at a price of $150. TTT had 1,000 shares at a price of $50. The synergy value was 100,000. AAA gave 1 share of AAA for 4 shares of TTT (i.e., 1:4 Exchange Ratio). The new stock price is....?
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Calculus
Authors: Ron Larson, Bruce H. Edwards
10th Edition
1285057090, 978-1285057095
