Bubble wants to acquire Gum to become Bubblegum. Bubble thinks that offer should be at least $X

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Bubble wants to acquire Gum to become Bubblegum. Bubble thinks that offer should be at least $X per share of Gum but not more than 42. The shares currently trade at $30 apiece. A hostile bidder has placed a bid of $40.00. Bubble estimates a 40% chance that the hostile bidder will win, and a 60% chance it will not. How much should be the value of X

Posted Date: May 18, 2024 01:11 PM

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Bubble wants to acquire Gum to become Bubblegum. Bubble thinks that offer should be at least $X

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