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Scrappy Corp. has 100M shares outstanding and a poison pill in place that will be triggered if an investor acquires 10% or more of outstanding

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Scrappy Corp. has 100M shares outstanding and a poison pill in place that will be triggered if an investor acquires 10% or more of outstanding shares. The poison pill allows all other shareholders to buy two additional shares at half the market price. Suppose a raider accumulates 10M shares of Scrappy's stock at $10 per share, thus costing $100M. This triggers the poison pill. What is the new stock price and what is the new fraction of the rm owned by the raider'? $5.14 , 3.57% 55.87 , 3.57% $5.87 , 5.26% $6.79 , 3.57% $6.79 , 5.26% 951.07?\

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