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Hi Sir, how are you doing?
Please help me to undestand this matter.
I was calculating the market value of CRX Co shares before the acquisition and I realised that in the correction paper that the PER of THP Co is used to calculate the market value of CRX Co shares.
Why should we use the THP Co ( $7,5) to calculate the market value of CRX Co shares in that situation? I think that is due of both of the companies are in the same sector, am I right?
Best regards
ET
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