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RCC. Inc. has offered $870 million cash for all of the common stock in Universal Corporation. Based on recent market information, Universal is worth $730

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RCC. Inc. has offered $870 million cash for all of the common stock in Universal Corporation. Based on recent market information, Universal is worth $730 million as an independent operation. For the merger to make economic sense for RCC, what would the minimum estimated present value of the enhancements from the merger have to be? ($m) MV as an independent operation Min. amount of synergies to justify the offer price Offer price

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