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If the merger makes economic sense for biscuits what is the

Biscuits Inc. has offered $416 million cash for all of the common stock in Gravy Corporation. Based on recent market information, Gravy is worth $384 million as an independent operation. If the merger makes economic sense for Biscuits, what is the minimum estimated value of the synergistic benefits from the merger? (Round answer to the nearest whole number)

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