Larrys buffet is planning on merging with franks diner, Ask an Expert

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Larry's Buffet is planning on merging with Frank's Diner. Larry's will pay Frank's shareholders the current value of their stock in shares of Larry's Buffet. Larry's currently has 4,600 shares of stock outstanding at a market price of $31 a share. Frank's has 1,600 shares outstanding at a price of $38 a share. What is the value per share of the merged firm?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91617961

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