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Western has a market value of $950 with 50 shares outstanding and a price per share of $19. Eastern has a market value of $3,000

Western has a market value of $950 with 50 shares outstanding and a price per share of $19. Eastern has a market value of $3,000 with 120 shares outstanding and a price per share of $25. Eastern is acquiring Western by exchanging 40 of its shares for all 50 of Westerns shares. What is the cost of the merger to Easterns stockholders if the merger creates $200 of synergy?

$1,333.33

$1,225.00

$1,037.50

$1,000.00

$950.00

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