question archive Aardvark Enterprises has agreed to be acquired by Lawson Products in exchange for $23,000 worth of Lawson Products stock
Aardvark Enterprises has agreed to be acquired by Lawson Products in exchange for $23,000 worth of Lawson Products stock
Subject:FinancePrice: Bought3
Aardvark Enterprises has agreed to be acquired by Lawson Products in exchange for $23,000 worth of Lawson Products stock. Lawson has 1,200 shares of stock outstanding at a price of $13 a share. Aardvark has 2,100 shares outstanding with a market value of $17 a share. The incremental value of the acquisition is $3,400. What is the value of Lawson Products after the merger?
