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Calculate Zeke postmerger EPS

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Reference no: EM132766767

Question - 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

Required - 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: EM132766767

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