$1\mathrm{.}2$ Calculate the post$-$acquisition increase$/$decrease price of the share if Tim Limited acquires Polo Limited for

R$45$ million. Assume that Tim Limited has $7$ million shares with a market price of R$7\mathrm{.}00$ per share and Polo Limited

has $5$ million shares with a market price of R$5\mathrm{.}00$ per share. The synergy of this merger is R$11$ million.

$(5$

Marks