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Pinder Co wants to acquire Pioneer Co because it believes that there would be synergistic benefits of $500 million. Pinder Co offers the shareholders of

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Pinder Co wants to acquire Pioneer Co because it believes that there would be synergistic benefits of $500 million. Pinder Co offers the shareholders of Pioneer Co 5 of its own shares for 3 of Pioneer's shares. Pinder Co's shares are currently trading for $15 and Pioneer Co's shares are trading for $20. Pinder Co has 100 million shares outstanding and Pioneer Co has 50 million shares outstanding. What would be the value of the combined None of the other answers are correct. $2,500 million $3,000 million $3,500 million $2,000 million

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