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Sun Industries has 14 million shares outstanding, with a share price of $21 and earnings per share of $3. Sun Industries is considering acquiring Rock
Sun Industries has 14 million shares outstanding, with a share price of $21 and earnings per share of $3. Sun Industries is considering acquiring Rock Networks. Rock Networks has 5.6 million shares outstanding, with a share price of $10.5 and earnings per share of $1.5, Sun Industries will pay for Roak Networks by issuing new shares. Sun Industries does not expect this transaction to bring synergies, and Sun Industries pays no premium to buy Rock Networks.
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Fundamentals of Corporate Finance
Authors: Richard Brealey, Stewart Myers, Alan Marcus
7th edition
978-0077616472, 77616472, 78034647, 978-0071314749, 71314741, 978-0078034640
