DIDIC acquires OIFC through merger by incorporation. how to find post-merger expected share price of DIDIC if
Fantastic news! We've Found the answer you've been seeking!
Question:
DIDIC acquires OIFC through merger by incorporation. how to find post-merger expected share price of DIDIC if following information is given:
Agreement on swap offered to OIFC of 0.3488 shares of DIDIC.
Agreement on value of OIFC at $25.2million.
New shares to be issued to OIFC are 86.80 million.
Post merger number of shares of the merged entity are 496 million.
DIDIC equity is $130.3 million, current price is $0.180, current outstanding shares are 409.246 million, book value per share is $0.318
OIFC equity is $27.584 million, current price is $0.095, current outstanding shares are 248.85 million, book value per share is $0.111
Related Book For
Modern Advanced Accounting In Canada
ISBN: 9781259066481
7th Edition
Authors: Hilton Murray, Herauf Darrell
Posted Date: