Milner - Poudre Milner Manufacturing Plans to Acquire Poudre Chemicals, by Giving Poudre

Milner - Poudre
Milner Manufacturing plans to acquire Poudre Chemicals, by giving Poudre shareholders 1.75 shares of Milner stock per share of Poudre. There are 2 million shares of Poudre Chemicals outstanding, with a pre-merger-offer price of $25 per share, and Milner's pre-offer stock price is $16.50.
-What is the control premium being offered by Milner Manufacturing?

A) $3.875 per share
B) $18.75 per share
C) $8.50 per share
D) $14.875 per share