Question: Between April and June 2014, Pershing acquired a 9.7% stake in Allergan at an estimated average price of $128 a share. In November, Actavis offered

Between April and June 2014, Pershing acquired a 9.7% stake in Allergan at an estimated average price of $128 a share. In November, Actavis offered $219 per share for each of Allergans 299 million shares. What was Pershings profit on its holding? (Do not round intermediate calculations. Enter your answer in million rounded to 2 decimal places.)

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