32 Do The Alpha Company The Alpha Company is considering acquiring the Bravo Company with a share offering. Earnings, shares, and prices for the two companies are: Alpha Co. Bravo Co. 4.5 points What would be the gain or loss in value to Alpha's shareholders from the merger? Gain $3,000,000. 600,000 Gain $3,750,000. earnings shares 1,200,000 250,000 300,000 Lose $3,000,000. price/share 50 30 Lose $3,750,000. Alpha desires that the merged company have earnings of $3.00 per share. O Neither gain nor lose from the merger