29 On 1 August 2017 Pat Plc purchased 18 million of the 24 million equity shares...

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29 On 1 August 2017 Pat Plc purchased 18 million of the 24 million equity shares of Salla Plc. The acquisition was through a share exchange of two shares in Pat for every three shares in Salla. The market price of a share in Pat at 1 August 2017 was GHS5.75. Pat will also pay in cash on 31 July 2019 (two years after acquisition) GHS2.42 per acquired share of Salla. Pat's cost of capital is 10% per annum. What is the amount of the consideration attributable to Pat for the acquisition of Salla? GHS105 million GHS139.5 million GHS108.2 million GHS103.8 million 29 On 1 August 2017 Pat Plc purchased 18 million of the 24 million equity shares of Salla Plc. The acquisition was through a share exchange of two shares in Pat for every three shares in Salla. The market price of a share in Pat at 1 August 2017 was GHS5.75. Pat will also pay in cash on 31 July 2019 (two years after acquisition) GHS2.42 per acquired share of Salla. Pat's cost of capital is 10% per annum. What is the amount of the consideration attributable to Pat for the acquisition of Salla? GHS105 million GHS139.5 million GHS108.2 million GHS103.8 million

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