On 1 August 20X7 Patronic purchased 18 million of the 24 million $1 equity shares of Sardonic. The acquisition was through a share exchange of two shares in Patronic for every three shares in Sardonic. The market price of a share in Patronic at 1 August 20X7 was $5.75. What is the fair value of the consideration transferred for the acquisition of Sardonic?
A、$103.5 million
B、$69 million
C、$155.25 million
D、$92 million
A、$103.5 million
B、$69 million
C、$155.25 million
D、$92 million
【参考答案及解析】
$’000 Shares (18m x 2/3 x $5.75) 69,000
$’000 Shares (18m x 2/3 x $5.75) 69,000