35 Acquiring Corporation is considering a takeover of Takeover Target Incorporated. Acquiring has 28 million shares outstanding, which sell for $25 each. Takeover Target has 14 million shares outstanding, which sell for $13 each. If the merger gains are estimated at $42 million, what is the highest price per share that Acquiring should be willing to pay to Takeover Target shareholders? Highest price per share

Acquiring Corporation is considering a takeover of Takeover Target incorporated. Acquiring has 28 million shares outstanding, which sell for $25 each. Takeover Target has 14 miltion shares outstanding, which sell for $13 each. If the merger gains are estimated at $42 million, what is the highest price per share that Acquiring should be willing to pay to Takeover Target shareholders