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A merger is expected to produce cost savings of $60 million and the acquired firm's shareholders will receive a premium of 30% over the $150

A merger is expected to produce cost savings of $60 million and the acquired firm's shareholders will receive a premium of 30% over the $150 million value of their firm. The gain of the merger to the acquirer is:

$15 million.

$20 million.

$50 million.

$130 million.

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