Cavalier Enterprises has agreed to be acquired by The Fox Hunt for some of The Fox Hunt stock. The Fox Hunt currently has 3,300 shares of stock outstanding at a price of $32 a share. Cavalier Enterprises has 2,400 shares outstanding at a price of $26 a share and no debt. The synergy of the acquisition is $2,800.

What is the maximum offer price The Fox Hunt should pay for Cavalier Enterprises?

$65,200

$105,600

$59,600

$62,400

$2,800

What is the merger premium per share?

$27.08

$32

$26

$1.08

$6