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On April 28,2016, St. Jude Medical issued a press release announcing its acquisition by Abbott:...

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Accounting

On April 28,2016, St. Jude Medical issued a press release announcing its acquisition by Abbott:
Abbott (NYSE: ABT) and St. Jude Medical, Inc. announced today a definitive agreement for Abbott to acquire St. Jude Medical. Under the agreement, St. Jude Medical shareholders will receive $46.75 in cash and a fixed exchange ratio of 0.8708 shares of Abbott common stock, representing total consideration of approximately $85 per share. The combined company will have an industry-leading pipeline expected to deliver a steady stream of new medical device products across cardiovascular, diabetes, vision and neuromodulation patient care.
Assume 294 million St. Jude shares are expected to be acquired by Abbott.
Given the deal structure, which of the following statements is most accurate?

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