Question
Global Network has a market value of $713,000. AG Communications has 46,700 shares of stock outstanding at a price per share of $56. AG is
Global Network has a market value of $713,000. AG Communications has 46,700 shares of stock outstanding at a price per share of $56. AG is acquiring Global in an exchange for 13,500 shares of AG stock. The merger is expected to create $28,000 of synergy. What will be the postmerger value of the firm?
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Fundamentals of Investment Management
Authors: Geoffrey Hirt, Stanley Block
10th edition
0078034620, 978-0078034626
