M&A Boot Camp booklet 2023 - Flipbook - Page 46
Pricing formulations in “stock-for-stock” mergers
• Assumed Facts
Page 1
• Fixed Exchange Ratio (Without “Collar”)
Page 2
• Fixed Dollar Value (Without “Collar”)
Page 3
• Fixed Exchange Ratio, With “Collar”
Page 4
• Fixed Dollar Value, With “Collar”
Page 5
• Summary Comparison of Pricing Formulations
Page 6