Académique Documents
Professionnel Documents
Culture Documents
Acquirer
100
30
Target
40
20
200
0.4
-120
-4
320
16
Stock exchange
Exchange rate
Stock
Stock (combined)
Va
Vt
Synergies
Cash
Vc
Pc
Pt
0.56
30
41.2
3000
800
200
0
4000
97.09
54.37
11.2
Per share
Million
<< May have to calculate with a given discount rate