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32 XYZ Corporation has made a cash tender offer for 2 million shares of ABC Corporation at a price of $29, which is $6.45 higher

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XYZ Corporation has made a cash tender offer for 2 million shares of ABC Corporation at a price of $29, which is $6.45 higher than ABC 's current standalone value. What is the cost of the merger? Multiple Choice $50.35 million $33.85 million $12.90 million Zero

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