Question: Orion Mechanical is being acquired by Tech Wizards for $ 5 5 5 , 2 0 0 worth of Tech Wizards stock. Orion Mechanical has

Orion Mechanical is being acquired by Tech Wizards for $555,200 worth of Tech Wizards stock. Orion Mechanical has 24,500 shares of stock outstanding at $21.50 a share. Tech Wizards has 60,000 outstanding shares with a market value of $25.65 each. The incremental value of the acquisition is $46,200. a) How many new shares of the acquirer's stock will be issued to pay for the target? b) How many shares will the acquirer have after the merger?
a) How many new shares of the acquirer's stock will be issued to pay for the target?
b) How many shares will the acquirer have after the merger?

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