Bayside Fishing Supply Co$.$is acquiring Fishing Lure Specialists for $$25,250$ in cash. Bayside Fishing Supply C$0.$ has $2,350$ shares outstanding at a market price per share of $$39.$ Fishing Lure Specialists has $1,500$ shares outstanding at $$16$ per share. Neither firm has outstanding debt. The incremental value $($synergy$)$ of the acquisition is $$2,300.$ What is the value of Bayside Fishing Supply Co$.$ after the acquisition?

Answer rating: 100% (QA)

To determine the value of Bayside Fishing Supply Co after the acquisition of Fishing Lure Specialist... View the full answer