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(Solved): Mirage is planning on merging with Pinnacle. Mirage currently has 80,000 shares of stock outstanding ...



Mirage is planning on merging with Pinnacle. Mirage currently has 80,000 shares of stock outstanding at a market price of $78 a share. Pinnacle has 28,000 shares outstanding at a price of $46 a share. The merger will create $285,000 of synergy. How many of its shares should Mirage offer in exchange for all of Pinnacle's share if it wants its acquisition cost to be $1,416,800? Option 1 : 17,683 Option 2 : 17,645 Option 3 : 17,721 Option 4 : 17,757 Option 5 : 17,793



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