Question
The NFF Corporation has announced plans to acquire LE Corporation. NFF is trading for $80 per share, and LE is trading for $79 per share,
The NFF Corporation has announced plans to acquire LE Corporation. NFF is trading for $80 per share, and LE is trading for $79 per share, implying a premerger value of LE of approximately $8.3 billion. If the projected synergies are $2.73 billion, what is the maximum exchange ratio NFF could offer in a stock swap and still generate a positive NPV
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Risk Sensitive Investment Management
Authors: Mark H A Davis, Sébastien Lleo
1st Edition
9814578037, 978-9814578035
