Pearl, Incorporated has offered $$680$ million cash for all of the common stock in Jam Corporation. Based on recent market information, Jam is worth $$540$ million as an independent operation. If the merger makes economic sense for Pearl, what is the minimum estimated value of the synergistic benefits from the merger?

Multiple Choice

$$133,000,000$

$$-140,000,000$

$$144,200,000$

$$140,000,000$