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Business, 23.10.2021 16:20 kennedy6010

Best’s Foods is seeking to acquire the Heinz Baking Company, whose shareholders equity and goodwill are $41 million and $7 million, respectively. A comparable bakery was recently acquired for $400 million, 30 percent more than its tangible book value (TBV). How much should Best’s Foods expect to have to pay for the Heinz Baking Company using the TBV method?

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Best’s Foods is seeking to acquire the Heinz Baking Company, whose shareholders equity and goodwill...
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