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Greentree Holdings has announced plans to acquire Mackinac Corporation. Greentree is trading for $42 per share and has a premerger value of $4 billion, while
Greentree Holdings has announced plans to acquire Mackinac Corporation. Greentree is trading for $42 per share and has a premerger value of $4 billion, while Mackinac is trading for $28 per share and has a premerger value of $1.5 billion dollars. If Greentree's maximum offer is 0.75 shares for each Mackinac share, what are the projected synergies from the merger? O A. $259.5 million OB. $500 million O C. $1.125 billion OD. $187.5 million O E. $1.5 billion
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