ACQ agrees to acquire TGT in a stock and cash deal valued at $17ishare, or $5B...
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ACQ agrees to acquire TGT in a stock and cash deal valued at $17ishare, or $5B including the assumption of debt. The deal consists of $6.80 in cash and 0.7275 of an ACQ common stock for each outstanding TGT common share, representing a 65% premium to TGT's closing price on Sept. 28. If you own 100 shares of TGT now, upon the successful completion of this deal, your ownership will become (enter A/B/C/D) a $17 in cash b $1,700 in cash c $6.80 cash plus $10.2 worth of ET stocks d $680 cash plus $1020 worth of ET stocks Based on the information given, the share price of ACQ is Based on the information given, TGT's closing price on Sept. 28 is ACQ agrees to acquire TGT in a stock and cash deal valued at $17ishare, or $5B including the assumption of debt. The deal consists of $6.80 in cash and 0.7275 of an ACQ common stock for each outstanding TGT common share, representing a 65% premium to TGT's closing price on Sept. 28. If you own 100 shares of TGT now, upon the successful completion of this deal, your ownership will become (enter A/B/C/D) a $17 in cash b $1,700 in cash c $6.80 cash plus $10.2 worth of ET stocks d $680 cash plus $1020 worth of ET stocks Based on the information given, the share price of ACQ is Based on the information given, TGT's closing price on Sept. 28 is
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Amounts are in 1 Deal for consideration is 17share Of which ca... View the full answer
Related Book For
Fundamentals of corporate finance
ISBN: 978-0470876442
2nd Edition
Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates
Posted Date:
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