Question
Cassandra's has 6,100 shares outstanding at a market price per share of $24. Adrian's has 3,500 shares outstanding at a market price of $56 a
Cassandra's has 6,100 shares outstanding at a market price per share of $24. Adrian's has 3,500 shares outstanding at a market price of $56 a share. Neither firm has any debt. Adrian's is acquiring Cassandra's for $155,000 in cash. The synergy of the acquisition is $22,500. What is the value of Cassandra's to Adrian's?
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Public Finance
Authors: Richard W. Tresch
4th Edition
0128228644, 978-0128228647
