Juy company B for $48.00/share in stock Company A and Company B's stock prices on...
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Juy company B for $48.00/share in stock Company A and Company B's stock prices on the day before announcement were $112.00 and $42.00 respectively. Company B has 20 million shares outstanding. 12 million exercisable options outstanding with an average exercise price of $28.00 per share. $120 million in net debt to be assumed by Company A and minority interests of $25 million to be acquired for cash. Company B Income Statement items LTM Revenue $1000 million LTM EBITDA 95 million LTM Net Income 60 million Calculate the implied exchange ratio. 0.43 0.63 0.52 0.45
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