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Calculating synergy - MAT corp has offered $440 million cash for all of the common stock in JMT corp. Based on recent market information JMT

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Calculating synergy - MAT corp has offered $440 million cash for all of the common stock in JMT corp. Based on recent market information JMT corp is worth $412 million as an independent operation. If the merger makes economic sense for MAT corp what is the minimum estimated value of the synergistic benefits from the merger

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