Use the following information to answer the question below:
Acquisition takes place at beginning of October 2007
Acquirer FYE - June 30
Target FYE - December 31
Acquirer expected EPS for FYE June 2008 is $2.40
Target consensus EPS for FYE Dec 2007 is $1.12
Target consensus EPS for FYE Dec 2008 is $1.78
Assuming 360 days in a year for simplicity, calculate target EPS adjusted to acquirer FYE in the transaction year (FYE June 2008):
1. $1.45
2. $1.62
3. $2.00
4. $2.90
Please select / choose 1 option only from the 4 options listed above.