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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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