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Blue Sky Inc. is contemplating the acquisition of Black Rock Inc. The values of the two companies, shares outstanding, and their stock prices are given

Blue Sky Inc. is contemplating the acquisition of Black Rock Inc. The values of the two companies, shares outstanding, and their stock prices are given in the table below. Blue Sky Black Rock Market Value of Firm, V $4,200M $425M Shares Outstanding 35M 20M Stock Price $120 $21.25 Analysts at Blue Sky estimate the synergies from the merger to be $125M. Consider a mixed offer where Blue Sky offers $12.135 of cash and 0.0855 shares in Blue Sky in exchange for each share of Black Rock. What price will the Blue Sky shares trade at after the merger? Round off your answer to two decimal places (e.g., 15.562 should be 15.56) and exclude $ sign from your answer.

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