Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Aardvark Enterprises has agreed to be acquired by Lawson Products in exchange for $3,942 worth of Lawson Products stock. Lawson has 333 shares of stock

image text in transcribed

Aardvark Enterprises has agreed to be acquired by Lawson Products in exchange for $3,942 worth of Lawson Products stock. Lawson has 333 shares of stock outstanding at a price of $24 a share. Aardvark has 112 shares outstanding with a market value of $22 a share. The incremental value of the acquisition is $131. What is the value of Lawson Products after the merger? Show your answer to the nearest \$1. Do not use the $ or , signs in your

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

How To Trade In Stocks

Authors: Jesse Livermore

1st Edition

0071469796, 9780071469791

More Books

Students also viewed these Finance questions

Question

List effective tools for building interest in a persuasive request.

Answered: 1 week ago