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AMD wants to buy ARM. AMD has 3.750 shares outstanding at a market price of $24/share. ARM has 600 shares outstanding trading at a price
AMD wants to buy ARM. AMD has 3.750 shares outstanding at a market price of $24/share. ARM has 600 shares outstanding trading at a price of $25/share. The merger is expected to create $1000 in synergies. How many shares of the combined company should AMD offer in exchange for all of ARM's shares, if it wants the cost of the purchase to be $15,900 (including synergies)? Show your work Round to the nearest single share
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