Delta Corporation is trading at $80/sh. and has 1,000,000 shares outstanding. Delta is buying Gamma...
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Delta Corporation is trading at $80/sh. and has 1,000,000 shares outstanding. Delta is buying Gamma Corporation for $30/sh. in a stock exchange in the ratio .6 Delta shares for each Gamma share. Gamma has 200,000 shares outstanding and trades at $20/sh. The merger gain is $5,000,000 and what is the projected price per share of the merged entity? A. $60.00 B. $62.73 C. $59.09 Page 6 of 7 D. $79.46
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