Hawk plc makes an offer for the entire share capital of Pigeon plc of one share in Hawk plc plus 1 in cash for each of Pigeon plc's existing shares. Prior to knowledge of the bid becoming public, the share price and number of shares in issue in each of the companies were as follows: Number of shares Market price Hawk plc 40 million 1.00 Pigeon plc 10 million 1.80 Hawk plc believes that the merger will result in synergistic benefits with a net present value of 17 million. If Hawk plc is successful in acquiring all the share capital of Pigeon plc and the market's assessment of the merger coincides with Hawk plc's beliefs, what are the benefits that accrue to the shareholders of Pigeon plc?

A. 2m

B. 3m

C. 5m

D. 9m