Restful industries has offered 12 million cash for all the


Restful Industries has offered $12 million cash for all the ordinary shares in Sofa Distribution Pty Ltd. Based on recent market information, Sofa Distribution is worth $8 million as an independent operation. If the merger makes economic sense for Restful, what is the minimum estimated value of the synergistic benefits from the merger? 

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Finance Basics: Restful industries has offered 12 million cash for all the
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