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Buyer has announced its intention to buy all of the outstanding shares of Target at a 25% premium. Target's current share price is $20. Target
Buyer has announced its intention to buy all of the outstanding shares of Target at a 25% premium. Target's current share price is $20. Target has 10 million shares outstanding.
How much does the present value of synergies have to be for Buyer to avoid a loss in value in doing this deal?
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