Question
CPI, Inc. is acquiring JW for R470 000 in cash. CPI has 27 000 shares outstanding at a market value of R320 a share. JW
CPI, Inc. is acquiring JW for R470 000 in cash. CPI has 27 000 shares outstanding at a market value of R320 a share. JW has 32 000 shares outstanding at a market price of R140 a share. Neither firm has any debt. The synergy value of the acquisition is R18 000. What is the value of CPI after the acquisition?
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Business Law Principles For Today's Commercial Environment
Authors: David P Twomey, Marianne M Jennings
2nd Edition
0324303947, 9780324303940
