OnlineEduc has an EPS of 5, with 12 million shares outstanding. The shares are trading at 13
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OnlineEduc has an EPS of £5, with 12 million shares outstanding. The shares are trading at £13 each. It is thinking of acquiring ClassRoom that has an EPS of £1, with 10 million shares outstanding which are trading at £12 each. How many shares (in millions) would OnlineEduc need to issue to buy ClassRoom ?
Related Book For
Intermediate Accounting
ISBN: 9781259722660
9th Edition
Authors: J. David Spiceland, James Sepe, Mark Nelson, Wayne Thomas
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