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Aardvark Enterprises has agreed to be acquired by Lawson Products in exchange for $3,246 worth of Lawson Products stock. Lawson has 320 shares of stock
Aardvark Enterprises has agreed to be acquired by Lawson Products in exchange for $3,246 worth of Lawson Products stock. Lawson has 320 shares of stock outstanding at a price of $24 a share. Aardvark has 120 shares outstanding with a market value of $27 a share. The incremental value of the acquisition is $116. What is the combined value of Aardvark and Lawson Products before the merger? Show your answer to the nearest $1. Do not use the $ or , signs in your
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