The NFF Corporation has announced plans to acquire LE Corporation. NFF is trading for $36 pershare, and

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The NFF Corporation has announced plans to acquire LE Corporation. NFF is trading for $36 pershare, and LE is trading for $58 pershare, implying apre-merger value of LE of approximately $8.2 billion. If the projected synergies are $2.85 billion, what is the maximum exchange ratio NFF could offer in a stock swap and still generate a positive NPV?

The maximum exchange ratio NFF could offer in a stock swap and still generate a positive NPV is ?

. (Round to three decimalplaces.)

Posted Date: May 19, 2024 12:00 PM

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The NFF Corporation has announced plans to acquire LE Corporation. NFF is trading for $36 pershare, and

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