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Timbuktu Technologies is an all-equity firm that is currently trading at $22 per share, with 50 million shares outstanding. You believe that by replacing management,

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Timbuktu Technologies is an all-equity firm that is currently trading at $22 per share, with 50 million shares outstanding. You believe that by replacing management, you can increase the value of the firm by 50%. What is the maximum amount of value you can extract in a leveraged buyout for 50% of the outstanding shares

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