Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. winterbourne is considering a takeover of monkton

Winterbourne is considering a takeover of Monkton Incorporated. Winterbourne has 22 million shares outstanding, which...

50.1K

Verified Solution

Question

Finance

image

Winterbourne is considering a takeover of Monkton Incorporated. Winterbourne has 22 million shares outstanding, which sell for $64 each. Monkton has 17 million shares outstanding, which sell for $68 each. If the merger gains are estimated at $85 million, what is the highest price per share that Winterbourne should be willing to pay to Monkton shareholders

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: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students