The NFF Corporation has announced plans to acquire LE Corporation. NFF is trading for $48 per share
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The NFF Corporation has announced plans to acquire LE Corporation. NFF is trading for $48 per share and LE is trading for $74 per share, implying a premerger value of LE of approximately $4.5 billion. If the projected synergies are $1.48 billion, what is the maximum exchange ratio NFF could offer in a stock swap and still generate a positive NPV?
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Corporate Finance The Core
ISBN: 9781292158334
4th Global Edition
Authors: Jonathan Berk, Peter DeMarzo
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