Ginormous Oil Entered into an Agreement to Purchase All of the Outstanding

Ginormous Oil entered into an agreement to purchase all of the outstanding shares of Slick Company for $60 per share.The number of outstanding shares at the time of the announcement was 82 million.The book value of liabilities on the balance sheet of Slick Co.was $1.46 billion.Immediately prior to the Ginormous Oil bid,the shares of Slick Co.traded at $33 per share.What value did Ginormous Oil place on the control of Slick Co.?

A) $2.21 billion
B) $2.71 billion
C) $4.17 billion
D) $6.38 billion
E) None of the above.