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Issacson Inc. has 2 , 5 0 0 , 0 0 0 shares that are currently selling at $ 4 7 . 2 5 per

Issacson Inc. has 2,500,000 shares that are currently selling
at $47.25 per shares. They are considering making a stock-
for-stock offer to acquire The Kissinger Co. Kissinger has
450,000 shares outstanding that are selling for $30.50. If
the stock-for-stock transaction takes place at the ratio
between the current share prices, what portion of the post-
acquisition firm will the old shareholders of The Kissinger
Co. hold after the transaction?
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