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Elon Corporation (ELO) is an ASX-listed company that specialises in data analytics solutions in the marketing space. On 15 October 2019, ELO announced a takeover

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Elon Corporation ("ELO") is an ASX-listed company that specialises in data analytics solutions in the marketing space. On 15 October 2019, ELO announced a takeover offer for all shares in digital marketing company, Musk inc. ("MUS"). MUS, previously known as ClickBait, is listed on the ASX and specialises in "Ad Tech" that targets end users over a range of digital channels using customised data tracking software. This acquisition would enhance ELO's data collection and analytic capabilities, while complementing the existing client services to provide a fully-integrated product. Use the following extract from the press release to answer the questions below. "...The exchange ratio of 0.085 that determines the aggregate stock consideration will remain fixed at close. The cash portion of the aggregate consideration floats within a 10% symmetrical collar that provides for a minimum of $25.01 cash per share (at $294 per share of ELO stock) up to a maximum of $31.05 cash per share (at a$223 price per share of ELO stock) - equaling $50.00 of total value within the collar, as more fully described in the merger agreement. If such average ELO stock price is outside of the collar range, MUS shareholders will receive in the aggregate (i) 0.085 shares of ELO stock, and (ii) either the minimum $25.01 of cash per share above $294 or the maximum $31.05 of cash per share below $223. B1. What is the value of cash per share to MUS shareholders if the share price of ELO is $133.50 ? At this share price, what proportion of the deal is cash and what proportion of the deal is scrip? Show calculations and state any necessary assumptions

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