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Winterbourne is considering a takeover of Monkton Incorporated. Winterbourne has 22 million shares outstanding, which...

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Winterbourne is considering a takeover of Monkton Incorporated. Winterbourne has 22 million shares outstanding, which sell for $64 each. Monkton has 17 million shares outstanding, which sell for $68 each. If the merger gains are estimated at $85 million, what is the highest price per share that Winterbourne should be willing to pay to Monkton shareholders

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