What is the share price implied by the offer

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NewCo, Inc. has just agreed to acquire OldCo Inc. in an all-cash deal, valuing OldCo at an enterprise value of $70 million. OldCo has 3 million acquisition shares, long-term debt (including current portion) of $25 million and excess cash in the amount of $5 million. What is the share price implied by the offer (i.e. how much has NewCo offered for each OldCo share)?

Reference no: EM132509518

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