Question: This question is continued from the previous question. Firm X has made an offer to acquire Firm Y for $1,750 million. At the time of
This question is continued from the previous question. Firm X has made an offer to acquire Firm Y for $1,750 million. At the time of the offer, Firm X had a market capitalization of $2,400 million, with 48 million shares outstanding, and Firm Y had a market capitalization of $1,600 million, with 28 million shares outstanding. Lets assume that Firm X is anticipating synergies worth $500 million from the deal. What would the anticipated shareholder value added be for the acquirer if they offered a one-for-one stock deal? Round your answer to the nearest million. Do not include a comma or dollar sign.
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