Multiple Choice
The Glass Works has a market value of $311,000.Creative Pottery has 25,000 shares of stock outstanding at a price per share of $40.Creative Pottery is acquiring The Glass Works in exchange for 8,000 shares of Creative Pottery stock.The merger is expected to create $25,000 of synergy.What will be value received by The Glass Works shareholders?
A) $320,000
B) $324,608
C) $323,879
D) $319,600
E) $325,701
Correct Answer:
Verified
Correct Answer:
Verified
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