medium · Investment Banking ma-lbo

Company X (PE: 25x) is considering an all-stock acquisition of Company Y (PE: 15x).

If Company X pays a 40% premium for Company Y, and there are no synergies or structural adjustments, is the deal accretive or dilutive?

  1. Break-even
  2. Cannot be determined
  3. Dilutive
  4. Accretive

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