Evan Inc. has offered $620 million cash for all of the common stock in Tanner Corporation. Based

Question:

Evan Inc. has offered $620 million cash for all of the common stock in Tanner Corporation. Based on recent market information, Tanner is worth $585 million as an independent operation. If the merger makes economic sense for Evan, what is the minimum estimated value of the synergistic benefits from the merger?

Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on...