Question: Arm Technologies has offered to purchase Hammer Group by exchanging one share of Arm for 3 shares of Hammer. Arm is currently trading at $

Arm Technologies has offered to purchase Hammer Group by exchanging one share of Arm for 3 shares of Hammer. Arm is currently trading at $59 per share and Hammer is currently selling for $17 per share. What is the potential arbitrage profit per share of Arm Technologies?
Arbitrage profit
Arm Technologies has offered to purchase Hammer Group by exchanging one

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