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How many total shares will the merged bank have outstanding

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Reference no: EM132996147

Light Years Savings Association has just received an offer to merge from Courthouse County Bank. Light Years' stock is currently selling for $70 per share. The shareholders of Courthouse County agree to pay Light Years' stockholders a bonus of $10 per share.

Problem 1: What is the merger premium in this case?

Problem 2: If Courthouse County's shares are currently trading for $85 per share, what is the exchange ratio between the equity shares of the two institutions?

Problem 3: Suppose that Light Years has 20,000 shares and Courthouse County has 30,000 shares outstanding. How many shares in the merged firm will Light Years' shareholders wind up with after the merger?

Problem 4: How many total shares will the merged bank have outstanding?

Reference no: EM132996147

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