Calculate the Post-Merger Earnings Per Share If the Exchange Ratio

question 37

Multiple Choice

Calculate the post-merger earnings per share if the exchange ratio is 0.4 shares of Essex for each share of Twinsburg.(Assume total post-merger earnings are $43,740,000.)

• A)$8.10
• B)$7.33
• C)$7.29
• D)$7.42

---

Definitions:

Legal Sufficiency

The adequacy of evidence in meeting legal standards to support a finding or conclusion in a legal proceeding.

Bargained-For-Exchange

A fundamental concept in contract law that requires each party to provide something of value to the other for a contract to be valid.

Statutorily Enforceable

Refers to rights or obligations that are created, recognized, and enforced through specific statutes or laws enacted by a legislative body.

Past-Due

Referring to a payment or obligation that has not been met by its deadline.