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Solve it On 1 July 2016, Etsy Ltd acquires all 3,600,000 shares in Facemask Ltd. As part of the purchase consideration, the shareholders of Facemask

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On 1 July 2016, Etsy Ltd acquires all 3,600,000 shares in Facemask Ltd. As part of the purchase consideration, the shareholders of Facemask were offered $2.50 cash for every five Facemask Ltd shares, plus four Etsy Ltd shares for every 9 Facemask Ltd shares. At the date of acquisition, the share price of Facemask Led and Etsy Ltd were $24 and $13, respectively. What is the purchase consideration? O $22,600,000 $23,050,000 O $22,300,000 O $23,800,000

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