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 premium being offered by Milner Manufacturing? $8.875 per share $8.50 per share $3.875 per share 518.75 per share $14.875 per share