Moore Industries has agreed to be acquired by Scott Enterprises for $20,701 worth of Scott Enterprises stock.
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Moore Industries has agreed to be acquired by Scott Enterprises for $20,701 worth of Scott Enterprises stock. Scott Enterprises currently has 7,875 shares of stock outstanding at a price of $27.61 a share. Moore Industries has 1,850 shares outstanding at a price of $10.00 a share. The incremental value of the acquisition is $1,107. What is the value per share of Scott Enterprises stock after the acquisition?
Related Book For
Essentials Of Corporate Finance
ISBN: 9780073405131
6th Edition
Authors: Stephen A. Ross, Randolph Westerfield, Bradford D. Jordan
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