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An acquiring company is considering a takeover of a target company.The acquiring company has 15 million shares outstanding with $30 per share.The target company has 8 million shares outstanding which sell for $24 per share.If the acquiring company estimates that merger gains will be $16 million, determine what the highest price will be paid per share for the target.
Fixed Productive Capacity
The maximum output that an economy can produce without increasing inflation, assuming resources are fully utilized.
Chocolate
A sweet, typically brown food preparation of roasted and ground cacao seeds.
Goes Up 20%
Represents an increase by a fifth from a previous value or level, often used in financial contexts to describe growth.
Phillips Gasoline
Phillips Gasoline refers to gasoline produced and marketed by Phillips 66, an American energy company, recognized for its quality and performance fuel products.
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