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Tantile Corp. is analysing a possible acquisition of Jumble Inc. Tantile Corp has 14 million shares outstanding, which sell for $25 each. Jumble Inc has

Tantile Corp. is analysing a possible acquisition of Jumble Inc. Tantile Corp has 14 million shares outstanding, which sell for $25 each. Jumble Inc has 7 million shares outstanding, which sell for $1? each. lfthe merger gains are estimated at $21 million.



What is the highest price per share that Tantile Corp should be willing to pay to Jumble Inc shareholders?

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