Business restructuring

Hi

In case of   amalgamation there is arrears of preference dividend & the purchasing company discharges the arrears of preference dividend by issue of shares. Whether shares issued to be taken for calculation of purchase consideration (P C), if the calculation of P C is based on net payment method? and whether the arrears of preference dividend should be recorded in the books of selling company?

pls clarify my doubt.

Thanks

Raghavendra.B.N