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Find how many shares will tgit pizza issue in exchange

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Reference no: EM132761544

TGIT Pizza is planning on acquiring TGIT Sausage in a pure share exchange merger. TGIT Pizza's share is currently trading at $35, and it set the exchange ratio at 0.75. TGIT Sausage has 72 million shares outstanding, which are currently trading at $18 a share.

Problem a) How many shares will TGIT Pizza issue in exchange for TGIT Sausage's shares?

Option 1: 100 Million
Option 2: 75 Million
Option 3: 60 Million
Option 4: 54 Million
Option 5: none of the above

Problem b) What is the total transaction value of the merger?

Option 1: $750 million
Option 2: $2.1 billion
Option 3: $1.89 billion
Option 4: $500 million

Problem c) If you owned 180 shares of TGIT Sausage, what would be the value of your share holdings after the merger?

Option 1: $4725
Option 2: $7000
Option 3: $3600
Option 4: $4500
Option 5: none of the above

Reference no: EM132761544

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