Suppose that New Orange announced today that it has entered into a definitive agreement to acquire Neo Apple. Prior to the announcement equity of company Neo Apple was priced at $120 per share, and normal annual equity rate of return (based on the riskiness of the companys equity) is 20%. Suppose that the investors expect that New Orange will pay $20 premium over the current market price. What is going to happen to the share price right now? Compute the new price.