Question
Hollywood Star Lanes (HSL) is being acquired by Sobchak Security (SS) for $45,897 worth of SS stock. The incremental value of the acquisition is $5,600.
Hollywood Star Lanes (HSL) is being acquired by Sobchak Security (SS) for $45,897 worth of SS stock. The incremental value of the acquisition is $5,600. HSL has 1,866 shares of stock outstanding at a price of $21 a share. SS has 2,802 shares of stock outstanding at a price of $33 a share. What is the actual cost of the acquisition using company stock? Round to the nearest dollar
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Financial Management In The Sport Industry
Authors: Matthew T Brown, Daniel Rascher, Mark S Nagel, Chad McEvoy
2nd Edition
9781621590118
