What was the cost of this acquisition to the shareholders

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Reference no: EM131620508

Ginormous Oil entered into an agreement to purchase all of the outstanding shares of Slick Company for $50 per share. The number of outstanding shares at the time of the announcement was 80 million. The book value of liabilities on the balance sheet of Slick Co. was $2.50 billion. What was the cost of this acquisition to the shareholders of Ginormous Oil?

Reference no: EM131620508

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