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You work for a leveraged buyout form and are evaluating a potential buyout of TargetCo. TargetCo's stock price is $15.1 and it has 8 million

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You work for a leveraged buyout form and are evaluating a potential buyout of TargetCo. TargetCo's stock price is $15.1 and it has 8 million shares outstanding. You believe that if you buy the company and replace its management, its value will increase by 63.3%. You are planning on doing a leveraged buyout of Targetco, and will offer $17.7 per share for control of the company. Assuming you get 50% control of TargetCo, then the price of the non-tendered shares will be closest to: Select one: O a. $15.8 O b. $16.4 O c. $15.1 O d. $17.7

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