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QUESTION 23 AcquirerCo agreed to buy 98% of TargetCe with a mix of cash and AcquirerCo stock. TargetCo stockholders will receive $6 84 in cash
QUESTION 23 AcquirerCo agreed to buy 98% of TargetCe with a mix of cash and AcquirerCo stock. TargetCo stockholders will receive $6 84 in cash and 1 share(s) of AcquirerCo common stock for every 4 share(s) of TargetCo stock. AcquirerCo s share orice closed et 539 49 a day prior to the announcement. TargetCo has 24 million shares outstanding. Calculate the equity value (Round to tivo decimal places)
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