Question: Tecumseh Inc. is analyzing the possible merger with Devonshire Inc. Savings from the merger are estimated to be a one-time after-tax benefit of $123 million.
Tecumseh Inc. is analyzing the possible merger with Devonshire Inc. Savings from the merger are estimated to be a one-time after-tax benefit of $123 million. Devonshire Inc. has 4.1 million shares outstanding at a current market price of $71 per share. What is the maximum cash price per share that could be paid for Devonshire Inc.? (Omit $ sign in your response.) Maximum cash price per share $ ta
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