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You work for a lvereragod buyout firm and are evaluating a polenbal buyout of UnderWater Company. UnderWater's stock price is $15 and it has 2.75

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You work for a lvereragod buyout firm and are evaluating a polenbal buyout of UnderWater Company. UnderWater's stock price is $15 and it has 2.75 milion shares outatanding. You believe that if you bey the compary and replace is management, its value will increase by 35%. You are planning on doing a leveraged buyout of UnderWaler and will offer $18. 75 per share for control of the company a. Assuming you get sow contel, what will happen to the price of non-tendered shares? b. Given the anwwer in pat (al will sharoholders tender their ihaces, not tender their tharas, or be ired flerent? c. What will your gain from the transaction be? A. Assuming you get SOK control, what wat havpen to the frice of non tendered shares? Ghare price wa be! (flornd to the nearest cent)

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