A buys B, mkt cap: A $2,000, B $500, shr #: A 100, B 50, Net Income: A $100, B $15. If A pays 100% premium, asset write-up $200 (straight-line depreciation 5 years), revenue synergy $300, cost to achieve synergy $60, tax rate 50%. Assuming it is an all-stock transaction, calculate accretion/dilution.
Next question. A buys B, mkt cap: A $2,000, B $500, shr #: A 100, B 50, Net Income: A $100, B $15. If A pays 100% premium, asset write-up $200 (straight-line depreciation 5 years), revenue synergy $300, cost to achieve synergy $60, tax rate 50%. Assuming it is an all-stock transaction, calculate accretion/dilution.