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.What was the cost of this acquisition to the shareholders of Ginormous Oil?

A) $1.46 billion
B) $3.46 billion
C) $4.92 billion
D) $6.38 billion
E) $8.38 billion