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Firm H's stock is priced at $33 and is looking to acquire firm D, which is priced at $23. Firm H expects to create $14
Firm H's stock is priced at $33 and is looking to acquire firm D, which is priced at $23. Firm H expects to create $14 billion in future synergies. Firm D currently has 900 million shares outstanding. What is the maximum cash offer firm H can make before experiencing a negative NPV for the acquisition?
A. $38.55 B. $48.55 C. $35.44 D. $33.00
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