It is 17 April 2020 and you have been employed by the conglomerate firm Rednip Ltd to advise on its proposed acquisition of the mining company Diacono Ltd. You estimate, on an after-tax basis, that the acquisition would enable the combined entity to reduce head office costs from $35m to $20m (in present value terms today) whilst also taking advantage of revenue synergies by increasing aggregate revenues by $20m (in present value terms today). Rednip Ltd also provides you with the following information and tell you that Time is of the essence..."and"...not to waste it collecting additional data!" Number of shares Share price as at 14 April 2020 Rednip Ltd 12 million $6 Diacono Ltd 30 million $1 13. How many shares in Rednip Ltd should Rednip Ltd offer Diacono Ltd shareholders for each of their shares if they want to share the aggregate gains equally between the two companies