Question: Mariners is planning on merging with Red Sox. Mariners currently has 75,000 shares of stock outstanding at a market price of $46.50 a share. Red

Mariners is planning on merging with Red Sox. Mariners currently has 75,000 shares of stock outstanding at a market price of $46.50 a share. Red Sox has 39,000 shares outstanding at a price of $27.20 a share. The merger will create $247,000 of synergy. How many of its shares should Mariners offer in exchange for all of Red Sox s share if it wants its acquisition cost to be $1,142,000?

		22,608
		22,891
		23,445
		23,714
		24,015

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