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ANB announced to acquire all the shares (number of shares = 1 million) of NextGen Ltd in cash. The share price of NextGen increased from

ANB announced to acquire all the shares (number of shares = 1 million) of NextGen Ltd in cash. The share price of NextGen increased from $44.6 to $50 immediately after the announcement. Assume the merger will be completed for sure. If NextGen is expected to receive 80% of the total synergy, the value of the total synergy is closest to:

A.$5.4 million

B.$50 million

C.$1.08 million

D.$6.75 million

E.None of the above

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