In a deal valued at $7.4 billion including equity ($2.4 billion) and assumed debt ($5.5 billion)...

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In a deal valued at $7.4 billion including equity ($2.4 billion) and assumed debt ($5.5 billion) minus cash on hand ($500 million), TAR plans to sell itself to the acquirers, with TAR shareholders receiving $34 per share, cash, in return. Shareholder derivative lawsuit firms are already swarming with lawsuits claiming the price is too low, but TAR management notes that the buyout price "represents a 34% premium over TAR's closing stock price on October 23, 2019, the last trading day prior to TAR's public announcement that TAR was evaluating strategic alternatives" -- which seems to me a fair price for a stock selling for about 12 times earnings and with no growth expected on average over the next five years. The number of shares of TAR is The annual earnings of TAR are The closing stock price of TAR on October 23, 2019 was million. million. In a deal valued at $7.4 billion including equity ($2.4 billion) and assumed debt ($5.5 billion) minus cash on hand ($500 million), TAR plans to sell itself to the acquirers, with TAR shareholders receiving $34 per share, cash, in return. Shareholder derivative lawsuit firms are already swarming with lawsuits claiming the price is too low, but TAR management notes that the buyout price "represents a 34% premium over TAR's closing stock price on October 23, 2019, the last trading day prior to TAR's public announcement that TAR was evaluating strategic alternatives" -- which seems to me a fair price for a stock selling for about 12 times earnings and with no growth expected on average over the next five years. The number of shares of TAR is The annual earnings of TAR are The closing stock price of TAR on October 23, 2019 was million. million.