Essex Industries is considering the acquisition of Twinsburg Company in a stock-for-stock exchange. The following financial data
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Essex Industries is considering the acquisition of Twinsburg Company in a stock-for-stock exchange. The following financial data is available on both companies.
(Assume no synergy is expected with this merger.) Calculate answers to nearest 0.001.
What is Essex post-merger share price if the post-merger price/earnings ratio 7:5 and the exchange rate is 0.4?
Assume total post-merger earnings are $43,740.00
Related Book For
Business Statistics in Practice
ISBN: 978-0077404741
6th edition
Authors: Bruce Bowerman, Richard O'Connell
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