Sir, sorry for troubling you at the eleventh hour! I would be indebeted if you could answer this question:
Why are we not deducting the values of the debt when we consider the synergy? We are comparing the values of th firm (debt + equity) before and after acquisition! Should not we be comparing the values of equity instead? (I tried doing so and ended up with a negative value for synergy!)
Please please help me with the above! Many thanks!!!