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stion 6 begin{tabular}{lcc} & Acquirer & Target hline Market Value of Equity & 12,000,000 & 3,600,000 Total Number of Shares & 200,000 &

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stion 6 \begin{tabular}{lcc} & Acquirer & Target \\ \hline Market Value of Equity & 12,000,000 & 3,600,000 \\ Total Number of Shares & 200,000 & 100,000 \\ Stock Price & $60/ share & $36/ share \\ \hline If the synergy effect is expected to be $3 million, what is the post-merger stock price for \\ the 1-to-1 stock offer? \end{tabular}

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