Under the terms of the deal, a company, whose brands include well known brands, said it was offering $51.75 in cash and 0.1822 of a share in company (70,951,932 commom stock) for each share in another company, (53,057,174 Common Stock) which is based in New York.
What would be the total fair value of consideration transferred?
Acquring company share on date of agreement :Common Stock $1.00 par value with 70,951,932 shares outstanding.
Other company date of agreement: Common Stock $0.01 par value with outstanding shares 53,057,174