Question
GE Industries is planning on merging with NM Industries GE Industries will pay NM Industries shareholders the current value of their stock in shares of
GE Industries is planning on merging with NM Industries GE Industries will pay NM Industries shareholders the current value of their stock in shares of GE Industries. GE Industries currently has 4,200 shares of stock outstanding at a market price of $33 a share. NM Industries has 1,900 shares outstanding at a price of $35 a share. What is the value per share of the merged firm assuming there is no synergy?
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International Financial Management
Authors: Cheol S. Eun, Bruce G.Resnick
6th Edition
71316973, 978-0071316972, 78034655, 978-0078034657
