Firm B's 1 million shares of stock currently sell for $12 each,but firm A is preparing an $18 per share tender offer.Firm A estimates the gain of the merger to be $6 million.What percentage of the merger gains will be captured by firm B's stockholders?
A) 33.33%
B) 50.00%
C) 66.67%
D) 75.00%
Correct Answer:
Verified
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