$17.97 is not correct for part A. Please complete all parts to the question

ABC has 1 milion shares outstanding, each of which has a price of $20. It has made a takeover offer of XYZ Corporation which has 1 milion shares outstanding, and a price per share of $2.67. Assume that the takeover wil occur with certainty and all market participants know this. Furthermore, there are no synergies to merging the two frms a. Assume ABC made a cash offer to purchase XYZ for $4.60 milion. What happens to the price of ABC and XYZ on the announcement? What premium over the current market price does this offer represent? h. Assume ABC makes a stock offer with an exchange ratio of 0.23. What happens to the price of ADC and XYZ this time? What premium over the current market price does this offer represent? c. At current market prices, both offers are offers to purchase XYZ for $400 million Does it mean that your answers to parts(a) and (b) must be identical? Explain #. Asume ANC made a cash offer to purchase XYZ for $4.00 million. What happens to the price of ABC and XYZ on the announcement? The price of XYZ is on the announcement is $12.07 por share. (Round to the newcost cent)