Bidder MVBS$,N=10$

MVA

MVL

$300$

$300$

$450$

$450$

Target MVBS$,$ N $=10$

MVA

MVL

$200$

$290$

$190$

$100$

PV Synergies $=$$$200.$ Target has $$200$ undisclosed liabilities.

Bidder offers an all$-$cash deal that gives target shareholders $75\%$ of the synergies. What is bidder's stock price after the merger is executed and the market learns about the hidden Liabitites?