pay Sky Systems’ shareholders the current market value of their stock in Modern Auto’s stock.

问题如下：

2. If Sky Systems were to be acquired by Modern Auto under the terms of the original offer, the post-merger EPS of the new company would be closest to:

选项：

$2.00.

$2.32.

$2.63.

解释：

C is correct.

EPS is $2.63.

Because Modern Auto’s stock price is $40 and Sky Systems’ stock price is $25, Modern Auto will acquire Sky Systems by exchanging 1 of its shares for 40/25 = 1.60 shares of Sky Systems. There are 15 million shares of Sky Systems. Their acquisition will take 15/1.60 = 9.375 million shares of Modern Auto. The total number of shares after the merger = 49.375 million. The EPS after the merger = 130/49.375 = $2.63.