Aardvark enterprises has agreed to be acquired by lawson


Aardvark Enterprises has agreed to be acquired by Lawson Products in exchange for $21,000 worth of Lawson Products stock. Lawson has 1,200 shares of stock outstanding at a price of $13 a share. Aardvark has 2,400 shares outstanding with a market value of $17 a share. The incremental value of the acquisition is $3,700. What is the value of Lawson Products after the merger?

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Financial Management: Aardvark enterprises has agreed to be acquired by lawson
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