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Mukidi Corporation, a steel company, wants to merge with Sugiri Corporation, a building company. Mukidi Corporation will pay Sugiri Corporation's stockholders with the current value
Mukidi Corporation, a steel company, wants to merge with Sugiri Corporation, a building company. Mukidi Corporation will pay Sugiri Corporation's stockholders with the current value of their stock in shares of Mukidi Corporation.
Mukidi Corporation has 11,000 shares of stock outstanding at a market price of SG$ 3.000 per share. Sugiri Corporation has 2,000 shares outstanding at price SG$ 750 per share.
Required:
1. Number of shares of Mukidi Corporation after the merger.
2. The Value of the merged firm.
3. Value per share of the merged firm.
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