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Firm A is being acquired by Firm B for $62,000 worth of Firm B stock. The incremental value of the acquisition is $4,300. Firm A has 2,700 shares of stock outstanding at a price of $22 a share. Firm B has 10,400 shares of stock outstanding at a price of $31 a share. What is the actual cost of the acquisition using company stock

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Tundexi

Answer:

$63,960

Explanation:

Number of shares issued =  $62,000 / $31 = 2,000 shares

Value per share after merger = (10,400 * $32) + (2,700 * $22 + $4,300)/ 10,400 + 2,000

Value per share after merger = $332800 + $63700 / 12400 shares

Value per share after merger = $396,500 / 12400 shares

Value per share after merger = $31.9758064516129

Value per share after merger = $31.98

Actual cost of acquisition = 2,000 shares * $31.98

Actual cost of acquisition = $63,960

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