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Winterbourne is considering a takeover of Monkton Inc. Winterbourne has 15 million shares outstanding, which sell for $50 each. Monkton has 10 million shares outstanding,
Winterbourne is considering a takeover of Monkton Inc. Winterbourne has 15 million shares outstanding, which sell for $50 each. Monkton has 10 million shares outstanding, which sell for $40 each. If the merger gains are estimated at $50 million, what is the highest price per share that Winterbourne should be willing to pay to Monkton shareholders?
Maximum price per share
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