1 . Cash offer : Adagio will payh 12. 00 per share of Tantalus stock. 2. Stock offer : Adagio will give Tantalus shareholders 0. 80 shares of Adagio stock per share of Tantalus stock . 3 . Mixed offer : Adagio will payhi6. 00 plus 0. 40 shares of Adagio stock per share of Tantalus stock . Agrawal estimates that the merger of the two companies will result in economies of scale with a net present value ofhi go million . To aid in the analysis , Agrawal has also compiled the following data :` Adagio\\ Tantalus Pre- merger stock price EIS. ON Number of shares outstanding ( millions )* 75 301 Pre - merger marker value ( millions ) F1 , 125 Based only on the information given , which of the three offers should Agrawal recommend to the Tantalus Software Solutions management team ?"