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The bidding firm has offered $400 million cash for all of the common stock in the target firm. The target firm has a current market
The bidding firm has offered $400 million cash for all of the common stock in the target firm. The target firm has a current market value of $395 million as a standalone company. What is the minimum estimated value of the synergistic benefits from the merger if the merger makes economic sense for the bidding firm? Enter your answer in the box shown below as millions of dollars with 2 digits to the right of the decimal point
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