Well, the P/E c i got is 44.61 and the EPS c i got is 0.54, so Price would be 24.0894.

However, answer sheet said that P/E c should be 54.3, EPS c should be 0.4621, Price should be 25.09

Could you help me please?

Beta Ltd has a merger proposal to acquire all of the shares in Delta Ltd via a share exchange offer. The directors have offered 3 shares in Beta for every 2 shares held in Delta. It is expected that annual cost savings of $50m pa will come from the merger. Beta Ltd 1,000 Delta Ltd 300 Outstanding shares (m) Share price (prior to announcement of proposed takeover) Earnings (NI) $'m $30 $15 500 120 Required: Determine the correct price of a share in the merged entity using P/E methodology. Beta Ltd has a merger proposal to acquire all of the shares in Delta Ltd via a share exchange offer. The directors have offered 3 shares in Beta for every 2 shares held in Delta. It is expected that annual cost savings of $50m pa will come from the merger. Beta Ltd 1,000 Delta Ltd 300 Outstanding shares (m) Share price (prior to announcement of proposed takeover) Earnings (NI) $'m $30 $15 500 120 Required: Determine the correct price of a share in the merged entity using P/E methodology