Moore Industries Has Agreed to Be Acquired by Scott Enterprises

question 38

Multiple Choice

Moore Industries has agreed to be acquired by Scott Enterprises for 800 shares of Scott Enterprises stock. Scott Enterprises currently has 7,500 shares of stock outstanding at a price of $28 a share. Moore Industries has 1,800 shares outstanding at a price of $12 a share. The incremental value of the acquisition is $1,100. What is the value per share of Scott Enterprises stock after the acquisition?

• A) $27.52
• B) $27.96
• C) $28.04
• D) $28.47
• E) $31.03

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Definitions:

Chordae Tendineae

Heart strings, or thin bands of fibrous tissue, that attach to the heart valves and are responsible for preventing the inversion of these valves during heart contraction.

Aortic Arch

The curved portion of the aorta, the major artery in the body, from which the head, neck, and upper limb arteries originate.

Right Subclavian Artery

A major artery that supplies blood to the right arm and the right side of the neck and head.

Brachiocephalic Trunk

A major artery in the upper body that supplies blood to the right arm and the head and neck.