Pearl,IncHas Offered $920 Million Cash for All of the Common

Pearl,Inc.has offered $920 million cash for all of the common stock in Jam Corporation.Based on recent market information,Jam is worth $710 million as an independent operation.For the merger to make economic sense for Pearl,what would the minimum estimated value of the synergistic benefits from the merger have to be?

A) $0
B) $75 million
C) $210 million
D) $710 million
E) $920 million