Thermo Fisher (Fisher) is considering an acquisition of Life Technologies (Life Tech). Life Tech shares currently trade at $60.75 per share with 179.3 million shares outstanding. Fisher estimates that the standalone value of Life Tech is $12,727.90 and the expected value of synergy created from the acquisition is $3,159.30. Fisher offers $85.05 for each Life Tech share.

How much of the net synergy (in percentage) does Fisher pay to Life Tech shareholders?

Answer is - Fisher pays 79.81% of net synergy to Life Tech shareholders. - How do they get this number?