Question
OnlineEduc has an EPS of 22, with 55 million shares outstanding. It is thinking of acquiring ClassRoom that has an EPS of 55, with 1717
OnlineEduc has an EPS of 22, with 55 million shares outstanding. It is thinking of acquiring ClassRoom that has an EPS of 55, with 1717 million shares outstanding. Assume that OnlineEduc needs to issue 770,000 stocks to buy ClassRoom. What would be the earnings per share (EPS) after the deal (please answer in two decimals)?
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
Fundamentals of Investment Management
Authors: Geoffrey Hirt, Stanley Block
10th edition
0078034620, 978-0078034626
