Hollywood star lanes hsl is being acquired by sobchak, Ask an Expert

Finance

Hollywood Star Lanes (HSL) is being acquired by Sobchak Security (SS) for $61,676 worth of SS stock. The incremental value of the acquisition is $5,600. HSL has 2,942 shares of stock outstanding at a price of $20 a share. SS has 3,441 shares of stock outstanding at a price of $36 a share. What is the actual cost of the acquisition using company stock? Round to the nearest dollar.

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Category:- Basic Finance
Reference No.:- M9870016

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