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Agway Company has 37,500 shares outstanding at a market price per share of $29.60. Berkshire Company has 155,000 shares outstanding at a market price of

Agway Company has 37,500 shares outstanding at a market price per share of $29.60. Berkshire Company has 155,000 shares outstanding at a market price of $48 a share. Neither firm has any debt. Berkshire is acquiring Agway for $1,241,250 in cash. What is the merger premium per share?

		$2.75
		$3.00
		$3.25
		$3.50
		$3.75

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