In a deal valued at $7.4 billion including equity ($2.4 bilion) and assumed debit ($5.5...
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In a deal valued at $7.4 billion including equity ($2.4 bilion) and assumed debit ($5.5 billion) minus cash on hand (5500 million), TAR plans to sell itself to the acquirers, with TAR shareholders receiving $36 per share, cash, in return Shareholder derivative lawsuit firms are already swarming with lawsuits claiming the price is too low, but TAR management notes that the buyout price represents 34% premium over TAR's closing stock price on October 23, 2019, the last trading day prior to TAR's public announcement that TAR was evaluating strate alternatives which seems to me a fair price for a stock selling for about 12 times earnings and with no growth expected on average over the next five years.
1. The number of shares of TAR is ? million correct answer : 66
2. The annual earnings of TAR are ? million correct answer: 200
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