Tangshan Mining is attempting to acquire Zhengsen Mining. Selected financial data is presented for both companies in the table below: Tangshan Mining has sufficient authorized but unissued shares to carry out the proposed merger. If the ratio of exchange is 1.8, what will be the EPS of the merged firm?
A) $1.00
B) $1.029
C) $1.078
D) $2.00

Question

Tangshan Mining is attempting to acquire Zhengsen Mining. Selected financial data is presented for both companies in the table below:  Tangshan Mining has sufficient authorized but unissued shares to carry out the proposed merger. If the ratio of exchange is 1.8, what will be the EPS of the merged firm?
A) $1.00 
B) $1.029 
C) $1.078 
D) $2.00

Quizplus · Accepted Answer

The Answer of Tangshan Mining is attempting to acquire Zhengsen Mining. Selected financial data is presented for both companies in the table below:  Tangshan Mining has sufficient authorized but unissued shares to carry out the proposed merger. If the ratio of exchange is 1.8, what will be the EPS of the merged firm?
A) $1.00 
B) $1.029 
C) $1.078 
D) $2.00

Tangshan Mining Is Attempting to Acquire Zhengsen Mining