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Morgan and Kainos are all-equity firms. Morgan has 15,000 shares outstanding at a market price of $63.70 a share. Kainos has 6,200 shares outstanding at
Morgan and Kainos are all-equity firms. Morgan has 15,000 shares outstanding at a market price of $63.70 a share. Kainos has 6,200 shares outstanding at a price of $41.40 a share. Morgan is acquiring Kainos for $281,000 in cash. The synergy of the acquisition is $44,500. What is the value of Kainos to Morgan?
| $272,540 | ||
| $280,620 | ||
| $293,410 | ||
| $301,180 | ||
| $311,730 |
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