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Adagio software Inc. and Tantalus Software Solutions Inc. are negotiating a friendly acquisition of Tantalus by Adagio. The management teams at both companies have informally

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Adagio software Inc. and Tantalus Software Solutions Inc. are negotiating a friendly acquisition of Tantalus by Adagio. The management teams at both companies have informally agreed upon a transaction value of about $12.00 per share of Tantalus Software Solutions stock but are presently negotiating alternative forms of payment. You are working for Tantalus Solutions' investment banking team and are evaluating 3 alternative offers presented by Adagio Software: 1. Cash offer: Adagio will pay S12.00 per share of Tantalus stock 2. Stock offer: Adagio will give Tantalus shareholders 0.8 shares of Adagio stock per share of Tantalus stock 3. Mixed offer: Adagio will pay $6.00 plus 0.4 shares of Adagio stock per shares of Tantalus stock

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