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Firm A is going to acquire Firm B in a stock-for-stock exchange. After the merger, the combined firm will be operated with two separate divisions.
Firm A is going to acquire Firm B in a stock-for-stock exchange. After the merger, the combined firm will be operated with two separate divisions. Firm A's current EPS is $3.50 per share, with 100 million shares outstanding. Firm B has 50 million shares outstanding. Firm A's Net Income after the merger is expected to be $500 million. Firm B's Net Income after the merger is expected to be $150 million. What is the total expected Net Income after the merger? Round your answer to the nearest million. Do not include a dollar sign.
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