A merger is getting discussed between Company Beta and Company Gamma

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A merger is getting discussed between Company Beta and Company Gamma. Below details related to both companies: Beta Gamma Shares Outstanding Market Value 5 Mio 75 Mio 1 Mio 40 Mio Assume that Beta is willing to acquire Gamma. Beta's analysts believe that the total gain (total synergies) from the merger would be equal to 20 Mio. Given that, what is the maximum cash amount that company Beta will be willing to pay for the acquisition