Momentum Chemicals, Inc. (MCI), a publicly traded chemical company is considering theacquisition of a competitor, DiChem Corp., that has a different customer base than MCI.Thecorporate development department of MCI determined that an acquisition of DiChem wouldincrease product offerings and diversify MCI's customer base.As such, MCI approached DiChemwith its interest in purchasing DiChem.DiChem hired an investment banker to advise on thepotential sale to MCI.DiChem's investment banker has determined that an asking price of$70.0 million for 100% of DiChem stock is a reasonable value. The investment banker forDiChem brought the deal to Ms. Monica Springer, the CFO of MC