Answer Happy

EXAMPLE: METHOD OF PAYMENT African Sun has announced its intended acquisition of Dawn Properties. In a press release, African Sun outlines the terms of the merger, which specify that Dawn Properties' shareholders will each receive 1 share of African Sun for every 3.988075946 shares of Dawn Properties owned. Dawn Properties has shares 2,457,172,108 outstanding. On the day of the merger announcement, African Sun' stock closed at $1.54 and Dawn Properties' stock closed at $1.00 Mr. Tino is an individual investor who owns 100,000 shares of Dawn Properties. 1 Based on the current share prices, what is the cost of the acquisition for African Sun? 2 How many shares of African Sun will Mr. Tino receive, and what is the value of those shares (based on current share prices)? Compare his net worth pre and post merger. Window DEZIMBABWE 06 05 Siffing to act ca TRANSTRUTIN Céc