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Archie Corp is considering taking over Veronica Inc. Archie has 2 1 milion shares outstanding, which sell for $ 6 2 each. Veronica has 1

Archie Corp is considering taking over Veronica Inc. Archie has

21

milion shares outstanding, which sell for $

62

each. Veronica has

16

millon shares outstanding, which sellfor $

64

each: lf the merger gains are estimated at $

80

milion, what is the highest price per sharethat Archie should be willing to pay to Veronica shareholders?

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