27) Loki, Inc. and Thor, Inc. entered a stock-swap merger agreement whereby Loki will pay...
50.1K
Verified Solution
Link Copied!
Question
Finance
27) Loki, Inc. and Thor, Inc. entered a stock-swap merger agreement whereby Loki will pay a 28% premium over Thor's pre-merger price. If Thor's pre-merger price per share was $35 and Loki's was $53, what exchange ratio will Loki need to offer? A) .91 B) .85 C) .76 D) .52
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
