Winterbourne is considering a takeover of Monkton Incorporated. Winterbourne has $29$ million shares outstanding, which sell for $$78$ each. Monkton has $24$ million shares outstanding, which sell for $$96$ each. If the merger gains are estimated at $$120$ million, what is the highest price per share that Winterbourne should be willing to pay to Monkton shareholders?

Highest price per share