prior to a potential merger veggie co has $6,150 in total earnings with $1,800 shares outstanding at a market price per share of $41. Fruits ince has $3300 in total earnings with 1235 shares outstanding at $26 per share. assume veggie co acquires fruits inc via an exchange of stock at a price of $28 for each share of fruits inc stock. both veggie co and fruits inc have no debt outstanding. what will veggie co earning per share be after the merger? A. 3.58 B. 3.32 C. 2.67 D. 3.04 E. 3.95
prior to a potential merger veggie co has $6,150 in total earnings with $1,800 shares outstanding at a market price per share of $41. Fruits ince has $3300 in total earnings with 1235 shares outstanding at $26 per share. assume veggie co acquires fruits inc via an exchange of stock at a price of $28 for each share of fruits inc stock. both veggie co and fruits inc have no debt outstanding. what will veggie co earning per share be after the merger? A. 3.58 B. 3.32 C. 2.67 D. 3.04 E. 3.95
Chapter23: Corporate Restructuring
Section: Chapter Questions
Problem 1P
Related questions
Question
![prior to a potential merger veggie co has $6,150 in total earnings with $1,800 shares outstanding at a market price per share of $41. Fruits ince has $3300 in
total earnings with 1235 shares outstanding at $26 per share. assume veggie co acquires fruits inc via an exchange of stock at a price of $28 for each share of
fruits inc stock. both veggie co and fruits inc have no debt outstanding. what will veggie co earning per share be after the merger?
A. 3.58
B. 3.32
C. 2.67
D. 3.04
E. 3.95](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fc099cd14-8e7a-497e-ad22-59566121e7f5%2Fbe6e6014-e2ac-4ef8-97f9-165d51f4dddc%2F7mqudvc_processed.jpeg&w=3840&q=75)
Transcribed Image Text:prior to a potential merger veggie co has $6,150 in total earnings with $1,800 shares outstanding at a market price per share of $41. Fruits ince has $3300 in
total earnings with 1235 shares outstanding at $26 per share. assume veggie co acquires fruits inc via an exchange of stock at a price of $28 for each share of
fruits inc stock. both veggie co and fruits inc have no debt outstanding. what will veggie co earning per share be after the merger?
A. 3.58
B. 3.32
C. 2.67
D. 3.04
E. 3.95
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