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The performance of Tidecorp has been declining since 2018. Tidecorp has 7 million shares outstanding, with a share price of $15. Smartgo is a firm

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The performance of Tidecorp has been declining since 2018. Tidecorp has 7 million shares outstanding, with a share price of $15. Smartgo is a firm that specializes in leveraged buyouts. Smartgo's next target is Tidecorp. The manager of Smartgo believes that the value of Tidecorp will rise by 47% if Smartgo purchases Tidecorp and alters the business strategies of Tidecorp. Smartgo is going to use a leveraged buyout with an offer of $17.55 per share to control Tidecorp. If Smartgo obtains 50% control of Tidecorp, then Smartgo's gain from this transaction will be closest to: $77.17 $45.67 $46.46 $70.82

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