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Assuming a 100% stock transaction with a 20% offer premium and the following facts: Acquirer Current Stock Price $40.00 Net Income $2,000 million Diluted Shares

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Assuming a 100% stock transaction with a 20% offer premium and the following facts: Acquirer Current Stock Price $40.00 Net Income $2,000 million Diluted Shares Outstanding (no options outstanding) 1,000.0 million Transaction Expenses $0 million Calculate pro forma EPS before the impact of synergies. Target $15.00 $400 million 400.0 million Select one: a $2.09 b. $1.69 c. $2.03 d. $1.52 e. $1.71

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