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What is the maximum cash price per share

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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 $153 million. Devonshire Inc. has 5.1 million shares outstanding at a current market price of $81 per share. What is the maximum cash price per share that could be paid for Devonshire Inc.?

Reference no: EM133035091

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