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Number of new shares to be issued after acquisition

GM Corporation is being acquired by BKF Ltd. for R1 290 000 worth of BKF Ltd. shares. BKF has 75 000 shares outstanding at a price of R54 a share. GM has 15 000 shares outstanding with a market value of R27 a share. The synergy value of the acquisition is R37 000.

How many new shares will be issued to complete this acquisition? (2)


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