Greentree Holdings Has Announced Plans to Acquire Mackinac Corporation

Greentree Holdings has announced plans to acquire Mackinac Corporation.Greentree is trading for $18 per share and has a premerger value of $950 million,while Mackinac is trading for $30 per share and has a premerger value of $225 million dollars.If Greentree's maximum offer is 2 shares for each Mackinac share,what are the projected synergies from the merger?

A) $112.5 million
B) $45 million
C) $190 million
D) $225 million
E) $75 million

Correct Answer:

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