Question: please check work ABC is acquiring DEF in an all stock deal. The deal is subject to a collar such that DEF shareholders will receive
please check work
ABC is acquiring DEF in an all stock deal. The deal is subject to a collar such that DEF shareholders will receive 1.5 shares of ABC if ABC 's average stock price is below $44 at closing, and 1.26923 shares of ABC if ABC 's average stock price is above $52 at closing. If ABC 's average stock price at closing is $56. how many shares of ABC stock will one share of DEF receive
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
