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The NFF Corporation has announced plans to acquire LE Corporation. NFF is trading for $ 64 $64 pershare, and LE is trading for $ 54

The NFF Corporation has announced plans to acquire LE Corporation. NFF is trading for $ 64

$64 pershare, and LE is trading for $ 54

$54 pershare, implying apre-merger value of LE of approximately $ 9.9

$9.9 billion. If the projected synergies are $ 1.85

$1.85 billion, what is the maximum exchange ratio NFF could offer in a stock swap and still generate a positiveNPV?

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