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An acquiring company is considering a takeover of a target company. The acquiring company has 15 million shares outstanding with $30 per share. The target
An acquiring company is considering a takeover of a target company. The acquiring company has 15 million shares outstanding with $30 per share. The target company has 8 million shares outstanding which sell for $24 per share. If the acquiring company estimates that merger gains will be $16 million, determine what the highest price will be paid per share for the target. $28 $26 $30 $24
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