Digery Inc. and Braggety Inc. are two arms length corporations who plan to amalgamate. Each...
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Digery Inc. and Braggety Inc. are two arms length corporations who plan to amalgamate. Each corporation has only common shares outstanding. The common shares of Digery have a PUC and ACB of $600 and the company is worth approximately $20,000. Braggety Inc. common shares have a PUC and ACB of $1,200 and the company is worth approximately $80,000. If 200 common shares of the amalgamated company are issued, how many will Braggetys shareholders receive on amalgamation? What will be the ACB of the shares received by Braggetys shareholders?
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