Question
Taggart Transcontinental and Phoenix-Durango have entered into a stock swap merger agreement whereby Taggart will pay a 30% premium over Phoenix-Durango's pre-merger price. If Taggart's
Taggart Transcontinental and Phoenix-Durango have entered into
a stock swap merger agreement whereby Taggart will pay a 30%
premium over Phoenix-Durango's pre-merger price. If Taggart's
pre-merger price per share was $15 and Phoenix-Durango's was
$30, then the exchange ratio that Taggart will offer is ?
calculation septs?
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Financial Markets and Institutions
Authors: Frederic S. Mishkin, Stanley G. Eakins
8th edition
013342362X, 978-0133423624
