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Move Ltd , a logistics company, is considering buying a smaller competitor in the same industry. The competitor, Links Ltd , has a current share

Move Ltd, a logistics company, is considering buying a smaller competitor in the same
industry. The competitor, Links Ltd, has a current share price of $20. Move Ltds shares trade
at $40.
Determine the exchange ratio, based on market values, and discuss whether a counteroffer
based on an exchange ratio of 0.60 would be acceptable for Move Ltd

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