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Please help me will give good rating Jintan Manis Berhad would like to acquire Jintan Putih Berhad via an exchange of stock at a price
Please help me will give good rating
Jintan Manis Berhad would like to acquire Jintan Putih Berhad via an exchange of stock at a price of RM49 for each share of Jintan Putih's stock. Both Jintan Manis Berhad and Jintan Putih Berhad have no debt outstanding. Consider the following are premerger information: Jintan Manis Berhad 1,600 units RM43 Jintan Putih Berhad 400 units RM47 Shares outstanding Price per share Jintan Manis Berhad estimates that the incremental benefit from this exercise to be worth RM200,000. From the above information, should Jintan Manis Berhad proceed with this acquisition exercise? Show relevant workings to support your answer. (10 Marks)Step by Step Solution
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