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Suppose the Max Inc. is planning to acquire Min Inc. The pre-merger values of Max...

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Finance

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Suppose the Max Inc. is planning to acquire Min Inc. The pre-merger values of Max and Min respectively are: $1,500,000 and $670,000. And the number of shares received by the target shareholders equals 78,000 shares with a price of $37 per share. Calculate the takeover premium (or the gain accrued to target shareholders). $ 2.886,000 $1,386,000 $ 2,216,000

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