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Consider the following premerger information about two firms. Firm A is the acquiring firm and Firm B is the target firm. Assume that both firms
Consider the following premerger information about two firms. Firm A is the acquiring firm and Firm B is the target firm. Assume that both firms have no debt outstanding. The synergistic benefits from acquiring Firm B is $6,000 if Fim A acquires Firm B. Item Shares outstanding Price per share Firm A 2,200 $43 Firm B 1,200 $23 What will the price per share of the merged firm be if Firm B is willing to be acquired for $23 per share in cash? Enter your answer in the box shown below as dollars with 2 digits to the right of the decimal point
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