Rudy's and Blackstone are fully owned companies. Rudy has 1200 outstanding shares at a market price of

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Rudy's and Blackstone are fully owned companies. Rudy has 1200 outstanding shares at a market price of $36. Blackstone has 2500 outstanding shares at $38 per share. Blackstone buys Rudy's for $48,000 in cash. What is the merger premium per share?

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Horngrens Accounting

ISBN: 978-0133855388

10th Canadian edition Volume 2

Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura, Carol A. Meissner, Jo Ann L. Johnston, Peter R. Norwood

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Posted Date: May 23, 2023 12:42 AM

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Rudy's and Blackstone are fully owned companies. Rudy has 1200 outstanding shares at a market price of

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To calculate the merger premium per share we need to determine the total value of Rudys outstan... View the full answer

Horngrens Accounting

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