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Milner Manufacturing plans to acquire Poudre Chemicals, by giving Poudre shareholders 1.75 shares of Milner stock per share of Poudre. There are 2 million shares
Milner Manufacturing plans to acquire Poudre Chemicals, by giving Poudre shareholders 1.75 shares of Milner stock per share of Poudre. There are 2 million shares of Poudre Chemicals outstanding, with a pre-merger-offer price of $25 per share, and Milner's preoffer stock price is $16.50. What is the value of the transaction at the time of the offer for Milner Manufacturing? $33,000,000$67.500,000$87,500,000$50,000,000$57.750.000
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