easy · Investment Banking

An acquirer with a P/E multiple of 20.0x is considering an all-stock acquisition of a target trading at a P/E of 25.0x.

Assuming no synergies, what is the likely impact on the acquirer's Earnings Per Share (EPS)?

  1. The impact cannot be determined without the share count.
  2. The transaction will be dilutive.
  3. The transaction will be accretive.
  4. The transaction will be EPS neutral.

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