Purchase Price Allocation - Target Company with negative book value (SHE)

I'm doing an analysis of the purchase price allocation in a situation where a target company has negative book value (A L + SHE).

When seeking to allocate my total purchase price and derive the goodwill amount, I find myself having goodwill > the total purchase price.

As example:

Total Purchase Price = $100

Target Assets = $10

Target Liabilities = $15

Goodwill = 100 - NBV = 100 - -5 = 105?

Would love some thoughts here, I presented a simple illustration to work towards higher level discussion quickly.

2 Comments
 

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