medium · Private Equity

A buyer is evaluating a public-to-private transaction. The Target has 20.0 million in Net Income. The Buyer will pay 200.0 million for the equity, financed 100% with new shares at a 15.0× Buyer P/E multiple.

If the Buyer has 100.0 million in standalone Net Income and 50.0 million shares outstanding, what is the pro-forma EPS?

  1. 2.40
  2. 2.12
  3. 1.80
  4. 2.00

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