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ACT Ltd is assessing the equity value if it acquires TRY Ltd. TRY shareholders will receive one share of ACT Ltd common stock for every
ACT Ltd is assessing the equity value if it acquires TRY Ltd. TRY shareholders will receive one share of ACT Ltd common stock for every five shares of TRY common stock. Prior to the transaction, ACT's share price was $40 per share. TRY has 50 million shares outstanding. Based on these details calculate the equity value in this fixed exchange ratio structure
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International Financial Management
Authors: Jeff Madura
7th Edition
0324071744, 978-0324071740
