question archive Taylor's Hardware is acquiring The Corner Store for $35,000 in cash
Taylor's Hardware is acquiring The Corner Store for $35,000 in cash
Subject:FinancePrice: Bought3
Taylor's Hardware is acquiring The Corner Store for $35,000 in cash. Taylor's has 2,400 shares of stock outstanding at a market value of $15 a share. The Corner Store has 1,300 shares of stock outstanding at a market price of $27 a share. Neither firm has any debt. The incremental value of the acquisition is $3,000. What is the value of Taylor's Hardware after the acquisition?
