9. On September 1, 2017, DowDuPont announced the successful merger of equals between Dow Chemicals (DOW) and DuPont (DD) in a stock-for-stock transaction effective August 31, 2017. Under the terms of the agreement, DuPont shareholders would receive 1.282 shares of DowDuPont for each of the 533 million shares outstanding. Each Dow shareholder would retain their shares which were 745 million outstanding. On Wednesday, August 30, the last day of trading before the announcement, Dow shares closed at $64.90, while DuPont shares closed at $83.19.

a. Compute the percentage Ownership for shareholders of each company once the deal is closed. b. What is the total number of shares in DowDuPont? c. Assuming that DuPont shareholders are the target, what acquisition premium per share and in total did they receive from the deal? d. Assuming zero synergy in the deal, what is the wealth transfer, if any, from Dow shareholders to DuPont Shareholders?