Consider the following information for two all-equity firms, Firm Attrex and Firm Maliwan:

	Attrex	Maliwan
Shares outstanding	4,800,000	175,000
Marketprice per share	$ 30.83	$ 371.43

Attrex estimates that the value of the synergistic benefit from acquiring Maliwan is yearly positive Cash Flow of $1,085,000 in perpetuity. Maliwan has indicated that it would accept a cash purchase offer of $525.715 per share. Attrex is thinking about offering 38% of their shares in exchange. How should Attrex proceed?