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Bubble wants to acquire Gum to become Bubblegum. Bubble thinks that offer should be at least $X per share of Gum but not more than
Bubble wants to acquire Gum to become Bubblegum. Bubble thinks that offer should be at least $X per share of Gum but not more than The shares currently trade at $ apiece. A hostile bidder has placed a bid of $ Bubble estimates a chance that the hostile bidder will win, and a chance it will not. How much should be the value of X
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