Download the following excel file: Merger Model Evaluation - Question.xlsx 21 The effect of the transaction on FY + 1 EPS for Amazon Inc. is as follows: Accretive by 19.57% Dilutive by 3.28% Dilutive by 19.57% Accretive by 3.28% Download the following excel file: Merger Model Evaluation - Question.xlsx 22 Pro-forma cash flow per share for Amazon Inc. is expected to be: $14.44 $134,75 $130.33 $36.77 Download the following excel file: Merger Model Evaluation - Question.xlsx 23 The effect of the transaction on FY + 1 CFPS for Amazon Inc. is as follows: Accretive by 19.57% Dilutive by 19.57% Accretive by 3.28% Dilutive by 3.28% Download the following excel file: Merger Model Evaluation - Question.xlsx 24 Which of the following item is typically not included in a Public Information Book (PIB)? Discounted cash flow model Recent press releases Industry reports Equity research reports Download the following excel file: Merger Model Evaluation - Question.xlsx 25 Which of the following is not a key component of the merger model we walked through in the course? c Creating detailed forecasts for both companies Determining and calculating items related to the acquisition structure An accretion/dilution and sensitivity analysis Gathering publicly available comparable company information Acquisition Assumptions Acquisition of Snap by Amazon Acquisition Structure Assumptions Acquisition Premium Equity Issuance Discount (to Current Price) 20% 5% % Debt Financing % Equity Financing 20% 80% Acquirer and Target Assumptions 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 Snap Target $44.29 Share Price ($/sh.) Fully Diluted Shares Outstanding (MM) Net Debt FY + 1 Normalized Net Earnings FY + 1 Normalized Cash Flow Amazon Acquirer $3,099.40 518 $66,884 $23,688 $69,825 -$496 -$581 $334 Pro Forma Adjustment FY + 1 Normalized Net Earnings FY + 1 Normalized Cash Flow Pro-Forma Net Debt -$3,134 $642 $85,595