Veghie Co is acquiring Fruit Inc for $25,250 in cash. Veggie Co has 2350 shares...
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Veghie Co is acquiring Fruit Inc for $25,250 in cash. Veggie Co has 2350 shares outstanding at a market price per share of $39. Fruits Inc 1500 shares outstanding at $16 per share. Neither firm has outstanding debt. The incremental value (synergy) of the acquisition is $2300. What is the value of Veggie Co after acquisition?
A) 92,700
B) 88,950
C) 56,650
D) 89,150
E) 73,750
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