Question
B Motors has a market value of $228608. G Racing has 19668 shares of stock outstanding at a price per share of $42. G Racing
B Motors has a market value of $228608. G Racing has 19668 shares of stock outstanding at a price per share of $42. G Racing is acquiring B Motors in an exchange for 5,625 shares of G Racing stock. The merger is expected to create $28940 of synergy.
What is the post-merger value per share? (Round answers to 2 decimal places, do not round intermediate calculations)
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Financial Management for Public, Health and Not-for-Profit Organizations
Authors: Steven A. Finkler, Daniel L. Smith, Thad D. Calabrese, Robert M. Purtell
5th edition
1506326846, 9781506326863, 1506326862, 978-1506326849
