Question
Tecumseh Inc. is analyzing the possible merger with Devonshire Inc. Savings from the merger are estimated to be a one-time after-tax benefit of $138 million.
Tecumseh Inc. is analyzing the possible merger with Devonshire Inc. Savings from the merger are estimated to be a one-time after-tax benefit of $138 million. Devonshire Inc. has 4.6 million shares outstanding at a current market price of $76 per share.
What is the maximum cash price per share that could be paid for Devonshire Inc.? (Omit $ sign in your response.)
Maximum cash price per share $
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Financial Management For Public Health And Not For Profit Organizations
Authors: Steven A. Finkler
1st Edition
0130176141, 9780130176141
