Value per share of stock after the acquisition

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Reference no: EM13946844

Michael Industries has agreed to be acquired by Scott Enterprises for $20,855 worth of Scott Enterprises stock. Scott Enterprises currently has 7,326 shares of stock outstanding at a price of $25.11 a share. Michael Industries has 1,733 shares outstanding at a price of $14.05 a share. The incremental value of the acquisition is $1,126. What is the value per share of Scott Enterprises stock after the acquisition?

Reference no: EM13946844

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