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Western Farms just paid $185,000 cash to acquire Northern Foods. Prior to the acquisition Western Farms had 12,000 shares of stock outstanding at a price
Western Farms just paid $185,000 cash to acquire Northern Foods. Prior to the acquisition Western Farms had 12,000 shares of stock outstanding at a price per share of $17. Northern Foods had 7,500 shares outstanding at a price per share of $23. The acquisition created $4,500 of synergy. What is the value of Northern Foods to Western Farms?
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