The shareholders of flannery company have voted in favor of, Ask an Expert

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The shareholders of Flannery Company have voted in favor of a buyout offer from Stultz Corporation. Flannery has a P/E ratio of 6.35, 71,000 shares outstanding, and earnings of $239,000. Stultz has a P/E ratio of 12.70, 132,000 shares outstanding, and earnings of $742,000. Flannery's shareholders will receive one share of Stultz stock for every three shares they hold in Flannery. What will the EPS of Stultz be after the merger?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91617716

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