Year 3 calculate the additional amount of synergies (beyond the $100 million already included in the...

 

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Year 3 calculate the additional amount of synergies (beyond the $100 million already included in the projections) needed to get to zero dilution or accretion if the number of share outstanding after the transaction was 203.4 million and the tax rate is 38.0%. Format a cushion with parentheses such as $12.34 million as (12.34). The additional shares outstanding after the transaction come from a greater number of new shares issued in the acquisition than the 67.1 called for in the original projections. BuyerCo EBIT ValueCo EBIT Synergies Pro Forma Combined EBIT (pre-transaction) Depreciation from Write-Up Amortization from Write-Up Pro Forma Combined EBIT Standalone Net Interest Expense Incremental Net Interest Expense Earnings Before Taxes Income Tax Expense @ 38.0% Pro Forma Combined Net Income BuyerCo Standalone Net Income Standalone Fully Diluted Shares Outstanding Net New Shares Issued in Transaction Pro Forma Fully Diluted Shares Outstanding Projection Period 1 2 3 2013 2014 2015 $1,409.6 $1,494.2 $1,568.9 556.9 590.3 619.8 100.0 100.0 $2,066.4 $2,184.4 4 2016 $1,631.6 $1,680.6 5 2017 644.6 100.0 100.0 $2,288.7 $2,376.2 22.0 22.0 14.7 $1,898.7 22.0 22.0 22.0 14.7 14.7 14.7 14.7 $2,029.8 $2,147.8 $2,252.0 $2,339.5 $2,407.8 142.4 140.6 137.0 133.0 128.9 124.5 66.9 40.2 10.7 6.6 4.2 1.6 $1,689.4 $1,849.0 $2,000.1 $2,112.4 $2,206.5 $2,281.7 642.0 702.6 760.0 802.7 838.5 867.1 $1,047.4 $1,146.4 $1,240.0 $1,309.7 $1,368.0 $1,414.7 $786.8 $841.5 $931.7 Pro forma 2012 $1,317.4 518.0 100.0 $1,935.4 22.0 14.7 $728.5 140.0 67.1 207.1 140.0 67.1 207.1 140.0 67.1 207.1 $890.2 140.0 67.1 207.1 140.0 67.1 207.1 663.9 100.0 $2,444.5 $964.8 140.0 67.1 207.1 Year 3 calculate the additional amount of synergies (beyond the $100 million already included in the projections) needed to get to zero dilution or accretion if the number of share outstanding after the transaction was 203.4 million and the tax rate is 38.0%. Format a cushion with parentheses such as $12.34 million as (12.34). The additional shares outstanding after the transaction come from a greater number of new shares issued in the acquisition than the 67.1 called for in the original projections. BuyerCo EBIT ValueCo EBIT Synergies Pro Forma Combined EBIT (pre-transaction) Depreciation from Write-Up Amortization from Write-Up Pro Forma Combined EBIT Standalone Net Interest Expense Incremental Net Interest Expense Earnings Before Taxes Income Tax Expense @ 38.0% Pro Forma Combined Net Income BuyerCo Standalone Net Income Standalone Fully Diluted Shares Outstanding Net New Shares Issued in Transaction Pro Forma Fully Diluted Shares Outstanding Projection Period 1 2 3 2013 2014 2015 $1,409.6 $1,494.2 $1,568.9 556.9 590.3 619.8 100.0 100.0 $2,066.4 $2,184.4 4 2016 $1,631.6 $1,680.6 5 2017 644.6 100.0 100.0 $2,288.7 $2,376.2 22.0 22.0 14.7 $1,898.7 22.0 22.0 22.0 14.7 14.7 14.7 14.7 $2,029.8 $2,147.8 $2,252.0 $2,339.5 $2,407.8 142.4 140.6 137.0 133.0 128.9 124.5 66.9 40.2 10.7 6.6 4.2 1.6 $1,689.4 $1,849.0 $2,000.1 $2,112.4 $2,206.5 $2,281.7 642.0 702.6 760.0 802.7 838.5 867.1 $1,047.4 $1,146.4 $1,240.0 $1,309.7 $1,368.0 $1,414.7 $786.8 $841.5 $931.7 Pro forma 2012 $1,317.4 518.0 100.0 $1,935.4 22.0 14.7 $728.5 140.0 67.1 207.1 140.0 67.1 207.1 140.0 67.1 207.1 $890.2 140.0 67.1 207.1 140.0 67.1 207.1 663.9 100.0 $2,444.5 $964.8 140.0 67.1 207.1

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