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Redmax Corporation is a listed company with 8.4 million shares outstanding. In recent years, the performance of Redmax Corporation deteriorates significantly, and its share price

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Redmax Corporation is a listed company with 8.4 million shares outstanding. In recent years, the performance of Redmax Corporation deteriorates significantly, and its share price is only \$15 per share now. Bluerecords is considering a potential buyout of Redmax Corporation, as the manager of Bluerecords believes that the value of Redmax Corporation will rise by 40.6% if Bluerecords purchases Redmax Corporation and changes its management. Bluerecords is going to use a leveraged buyout with an offer of $18 per share to control Redmax Corporation. If Bluerecords obtains 50% control of Redmax Corporation, the price of the nontendered shares after the leveraged buyout will be closest to: Select one: a. $30.09 b. $12.09 c. $16.00 d. $21.09

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