Elf Aquitaine, a French integrated oil company, wishes to expand its scope by acquiring the U. S. oil services firm Bushwhacker (NASDAQ: BUSH). The target is an all- equity firm with 250 million shares outstanding; the most recent closing price was USD 19.73. Elf estimates a stand- alone intrinsic value of USD 24.25 a share and potential synergies of USD 4.00 a share. Most mergers are consummated when an acquirer pays a 25 percent premium that helps induce target shareholders to tender their shares. Also, a merger such as this one usually incurs transaction costs of USD 150 million. These costs include investment banker fees as well as costs incurred by Elf to internally pursue the merger transaction. Elf also estimates an integration cost of USD 120 million. What is Bushwhacker’s current market value (in millions)?