Question: ABC Ltd is a company operating in the software industry. It is considering the acquisition of XYZ Ltd with shares. ABC has earnings of R877m,

ABC Ltd is a company operating in the software industry. It is considering the acquisition of XYZ Ltd with shares. ABC has earnings of R877m, with 153m shares outstanding and a P/E ratio of 13. XYZ has earnings of R293m, with 54m shares outstanding and a P/E ratio of 9. What is the offer price per share of XYZ, if ABC is offering a 27% premium? Give your answer to 2 decimal places

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