medium · Investment Banking

Acquirer Co (P/E of 20x) is acquiring Target Inc (P/E of 10x) in an all-stock transaction. The acquisition premium is 20%.

Without synergies, is the deal accretive or dilutive?

  1. Impossible to determine without Net Income figures
  2. Break-even
  3. Accretive
  4. Dilutive

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