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ORNE, Inc. plans to make an offer for BAIRN, Inc.

ORNE, Inc. plans to make an offer for BAIRN, Inc.

ORNE, Inc. plans to make an offer for BAIRN, Inc. ORNE estimates BAIRN's value of operations at $100 million. BAIRN has debt of 10 million, marketable securities of 5 million, and outstanding common shares of 3 million. Based on this information, value per common share is:
1. 28.33
2. 30.00
3. $31.67
4. $35.00
5. None of the above

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