Firm B's one million shares of stock currently sell for $20 each.Firm A estimates the economic gain from the merger to be $10 million and is prepared to offer $22 cash for each share of B) What percentage of the merger gain will be captured by firm B's shareholders?
A) 20.00%
B) 33.33%
C) 50.00%
D) 60.00%
Correct Answer:
Verified
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