Market Value Impact Market price per share Number of shares offered by of the acquiring company x the acquiring company for each share of the acquired company Market price per share of the acquired com pany The above formula is the ratio of exchange of market price If the ratio is less than or nearly equal to 1, the shareholders of the acquired firm are not likely to have a monetary incentive to accept the merger offer from the acquiring firm 23-1623-16 Market Value Impact The above formula is the ratio of exchange of market price. If the ratio is less than or nearly equal to 1, the shareholders of the acquired firm are not likely to have a monetary incentive to accept the merger offer from the acquiring firm. Market price per share of the acquiring company Number of shares offered by the acquiring company for each share of the acquired company Market price per share of the acquired company X