hard · Investment Banking

Company A acquires Company B in an all-stock transaction. Company A has a P/E multiple of 20x, and Company B has a P/E multiple of 15x.

Without accounting for synergies or transaction costs, how will the deal affect Company A's EPS?

  1. The deal will be dilutive.
  2. The deal will be accretive.
  3. The deal will be break-even.
  4. The impact cannot be determined without knowing the absolute Net Income of both companies.

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