easy · Investment Banking

If an all-stock deal is accretive, what is the impact on the 'Earnings per Dollar Spent'?

  1. The earnings per dollar spent always decreases in mergers.
  2. The acquirer is buying more earnings per dollar of stock issued than its current shares represent.
  3. There is no 'spend' in an all-stock deal.
  4. The acquirer is buying less earnings per dollar issued.

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