easy · Investment Banking

AcquirerCo is buying TargetCo for $500 million in an all-stock deal. AcquirerCo has a P/E of 20x and TargetCo has a P/E of 15x.

Assuming no synergies and no transaction fees, will the deal be accretive or dilutive to AcquirerCo's EPS?

  1. Neutral
  2. Dilutive
  3. Accretive
  4. It depends on the relative size of the two companies.

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