Question
Michael Industries has agreed to be acquired by Scott Enterprises for $20,855 worth of Scott Enterprises stock. Scott Enterprises currently has 7,326 shares of stock
Michael Industries has agreed to be acquired by Scott Enterprises for $20,855 worth of Scott Enterprises stock. Scott Enterprises currently has 7,326 shares of stock outstanding at a price of $25.11 a share. Michael Industries has 1,733 shares outstanding at a price of $14.05 a share. The incremental value of the acquisition is $1,126. What is the value per share of Scott Enterprises stock after the acquisition?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Options Futures And Other Derivatives
Authors: John C. Hull
11th Edition
013693997X, 9780136939979
