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NewCo is trying to fuly acquire OldCo in an alt cash offer. NewCo will assume al the debt of CldCo as part of the acquisition?

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NewCo is trying to fuly acquire OldCo in an alt cash offer. NewCo will assume al the debt of CldCo as part of the acquisition? The expected synergies from the acquisition are $700 milion. Before the transaction OldiCo has 25 milion shares outstanding, a share price of $65, and outstanding debt of $500 million (no excess cash). is the following statement true or faise? If NewCo offen $93 per share of OldCo and the acquisition is successfut, the shareholders of CidCo wit have captured the full value of the synergies of this transaction. True False

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