4. The price of Goodyear stock on the merger date announcement was $13.93 and the number of shares outstanding of cooper Tire was 50.37 million shares. Provide mathematical proof that the merger deal is worth approximately $2.8 billion and that the implied consideration to Cooper shareholders is $54.36 and a 24% premium paid. On Goodyear accounting records in what general ledger account will part of this premium be recognized
4. The price of Goodyear stock on the merger date announcement was $13.93 and the number of shares outstanding of cooper Tire was 50.37 million shares. Provide mathematical proof that the merger deal is worth approximately $2.8 billion and that the implied consideration to Cooper shareholders is $54.36 and a 24% premium paid. On Goodyear accounting records in what general ledger account will part of this premium be recognized
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter16: Retained Earnings And Earnings Per Share
Section: Chapter Questions
Problem 4MC: Effective May 1, the shareholders of Baltimore Corporation approved a 2-for-1 split of the companys...
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