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Ginormous Oil entered into an agreement to purchase all of the outstanding shares of Slick Company for $ 5 0 per share. The number of
Ginormous Oil entered into an agreement to purchase all of the outstanding shares of Slick Company for $ per share. The number of outstanding shares at the time of the announcement was million. The book value of liabilities on the balance sheet of Slick Company was $ billion. Immediately prior to the Ginormous Oil bid, the shares of Slick Company traded at $ per share. What value did Ginormous Oil place on control of Slick Company.?
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$ billion
$ billion
$ billion
$ billion
$ billion
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