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Luxsoft Corporation is acquiring Molson Company for $2,810,000 in cash. Luxsoft has 150,000 shares of stock outstanding at a market value of $67 a share.
Luxsoft Corporation is acquiring Molson Company for $2,810,000 in cash. Luxsoft has 150,000 shares of stock outstanding at a market value of $67 a share. Molson has 56,000 shares of stock outstanding at a market price of $43.80 a share. Neither firm has any debt. The net present value of the acquisition is $165,000. What is the price per share of Luxsoft after the acquisition?
$69.30 | ||
$68.10 | ||
$67.48 | ||
$68.72 | ||
$67.90 |
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