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Calculate zeke postmerger eps

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Zeke Industries is considering the acquisition of Tammy Inc. in a stock-for-stock exchange. Assume no immediate synergistic benefits are expected. Selected financial data on the two companies are shown below:

                                                                 Zeke.              Tammy

Sales (millions)                               $480.           $90
Net income (millions)                        $38                 $10.4
Common shares outstanding (millions)  10                 2.1
Earnings per share                            $3.80.          $4.95
Common stock (price per share)          $45.60           $74.25

Problem 1: Calculate Zeke's postmerger EPS if the Tammy shareholders accept an offer of $95.76 a share in a stock-for-stock exchange.

Reference no: EM132754312

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