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There are two firms, Firm #1 and Firm #2: Firm #1 has a current market value of $640 million. Firm #2 had a current market

There are two firms, Firm #1 and Firm #2:

  • Firm #1 has a current market value of $640 million.
  • Firm #2 had a current market value of $265 million.

Firm #1 is planning to acquire Firm #2 for $290 million because it believes that the newly created firm will be worth $955 million.

The expected synergy from the merger of Firm #1 with Firm #2 equals ___________________

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