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. X company Ltd intends to take over Y company Ltd. The financial information is provided. X Co. Ltd Y Co. Ltd Earnings per share

. X company Ltd intends to take over Y company Ltd. The financial information is provided. X Co. Ltd Y Co. Ltd Earnings per share 2 2 Market price per share 100 40 Price earnings ratio 50 20 Number of shares (in 000) 100 250 Profit after tax (in 000) 200 500 Total market value 10, 000 10, 000 Required: Carry out a financial evaluation of the merger between X Ltd and Y Ltd

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