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Dover Corporation is acquiring Nordson Corporation for $1,682,450 in cash. Dover has 60,000 shares of stock outstanding at a market value of $61.80 a share.
Dover Corporation is acquiring Nordson Corporation for $1,682,450 in cash. Dover has 60,000 shares of stock outstanding at a market value of $61.80 a share. Nordson has 35,000 shares of stock outstanding at a market price of $41.80 a share. Neither firm has any debt. The net present value of the acquisition is $185,070. What is the price per share of Dover after the acquisition? $65.14 $64.88 $64.50 $64.12 $63.76
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