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help 14 Moving to another question will save this response Question 1438 0.5 points Question 14 Touran has agreed to be acquired by Firon Inc.
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Moving to another question will save this response Question 1438 0.5 points Question 14 Touran has agreed to be acquired by Firon Inc. in exchange for $30,000 worth of Firon Inc. Products stock. Firon Inc, has 3,000 shares of stock outstanding at a price of S28 a share. Touran Inc. has 1,200 shares outstanding with a market value of $20 a share. The incremental value of the acquisition is $1,400. What is the value of Firon Inc. Products after the merger? 1.S113,000 2.883.000 03 $109.400 4 S111.600 Step by Step Solution
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