Aquatic Plc has a PE ratio of 10 as stand-alone business and a share price of 18 per share. Bayonet Plc has a PE ratio of 5 as a stand-alone business and a share price of 6 per share. Assume now that Aquatic Plc acquires Bayonet Plc in a one for three share for share exchange. No benefits are expected from the merger. Assuming the market is efficient, which of the following will transpire in the post-acquisition group? No change in EPS and no change in share price or PE ratio EPS of overall group will increase and PE ratio of overall group will decrease Share price of post-acquisition group will be higher than the pre-acquisition share price of Aquatic. EPS of post-acquisition group will be lower than the pre-acquisition EPS of Aquatic PIc. An increase in EPS and an increase in share price