Moore industries has 1800 shares outstanding at a price of


Moore Industries has agreed to be acquired by Scott Enterprises for $22,000 worth 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?

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Finance Basics: Moore industries has 1800 shares outstanding at a price of
Reference No:- TGS0629386

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