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Killer Shark Inc. makes a surprise cash offer of $22 a share for Goldfish Industries. Before the offer, Goldfish was selling for $18 a share.
Killer Shark Inc. makes a surprise cash offer of $22 a share for Goldfish Industries. Before the offer, Goldfish was selling for $18 a share. Goldfish has 1 million shares outstanding. What must Killer Shark believe about the present value of the improvement it can bring to Goldfishs operations?
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