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The NFF Corporation has announced plans to acquire LE CorporationNFF is trading for $ 5 5 . 0 0 per share, and LE is trading
The NFF Corporation has announced plans to acquire LE CorporationNFF is trading for $ per share, and LE is trading for $ per share, implying a premerger value of LE of approximately $ billion. If the projected synergies are $ billion, what is the maximum exchange ratio NFF could offer in a stock swap and still generate a positive NPV The maximum exchange ratio is Round to three decimal places.
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